Trillium Asset Management LLC Lowers Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Trillium Asset Management LLC reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,090 shares of the financial services provider's stock after selling 19,056 shares during the period. Jones Lang LaSalle makes up 1.0% of Trillium Asset Management LLC's portfolio, making the stock its 27th largest holding. Trillium Asset Management LLC owned approximately 0.31% of Jones Lang LaSalle worth $36,728,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock worth $9,276,000 after buying an additional 10,186 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after buying an additional 5,663 shares in the last quarter. Dorsey Wright & Associates bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at about $4,276,000. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $567,000. 94.80% of the stock is currently owned by institutional investors.

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Jones Lang LaSalle Price Performance

NYSE:JLL traded down $2.80 during trading hours on Friday, reaching $250.52. 446,426 shares of the company were exchanged, compared to its average volume of 297,715. The stock's 50-day moving average is $266.39 and its 200-day moving average is $264.47. The firm has a market cap of $11.87 billion, a PE ratio of 22.19 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. During the same period in the prior year, the business earned $4.23 earnings per share. The company's quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday. Raymond James boosted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $309.00.

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.