Vulcan Value Partners LLC Cuts Position in Jones Lang LaSalle Incorporated $JLL

Vulcan Value Partners LLC trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,625 shares of the financial services provider’s stock after selling 47,038 shares during the period. Jones Lang LaSalle comprises about 0.9% of Vulcan Value Partners LLC’s portfolio, making the stock its 22nd largest holding. Vulcan Value Partners LLC’s holdings in Jones Lang LaSalle were worth $50,678,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle during the third quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at about $29,000. Activest Wealth Management boosted its position in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Chilton Capital Management LLC boosted its position in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares during the period. Finally, True Wealth Design LLC boosted its position in Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $290.72 on Thursday. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 15.63 and a beta of 1.34. The company has a 50-day moving average price of $313.27 and a 200-day moving average price of $321.80. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $217.21 and a 12 month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. Jones Lang LaSalle’s revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current year.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Barclays upped their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, UBS Group upped their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.