Trust Point Inc. Lowers Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Trust Point Inc. cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 36.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,479 shares of the financial services provider's stock after selling 1,438 shares during the quarter. Trust Point Inc.'s holdings in Jones Lang LaSalle were worth $615,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JLL. EdgePoint Investment Group Inc. grew its position in Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after acquiring an additional 88,479 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after purchasing an additional 8,274 shares during the period. Geode Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after purchasing an additional 41,331 shares during the last quarter. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $149,468,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after buying an additional 65,407 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.5%

JLL stock traded up $1.20 during trading on Friday, reaching $238.64. The company had a trading volume of 433,558 shares, compared to its average volume of 341,015. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50. The business has a 50 day moving average of $226.36 and a 200 day moving average of $247.82. The company has a market cap of $11.33 billion, a P/E ratio of 21.58 and a beta of 1.31.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.29. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The business's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JLL shares. UBS Group cut their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Citigroup dropped their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle has an average rating of "Buy" and an average target price of $305.00.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.