2,100 Jones Lang LaSalle Incorporated $JLL Shares Sold by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 48.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,250 shares of the financial services provider’s stock after selling 2,100 shares during the period. Perryman Financial Advisory Inc. AD’s holdings in Jones Lang LaSalle were worth $687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of Jones Lang LaSalle by 8.1% in the third quarter. Versant Capital Management Inc now owns 469 shares of the financial services provider’s stock worth $143,000 after buying an additional 35 shares during the period. Hilton Head Capital Partners LLC lifted its stake in shares of Jones Lang LaSalle by 40.4% in the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Jones Lang LaSalle by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,002 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 45 shares during the period. Root Financial Partners LLC boosted its holdings in Jones Lang LaSalle by 27.4% during the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 48 shares during the period. Finally, Fragasso Financial Advisors Inc grew its position in Jones Lang LaSalle by 1.3% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 3,770 shares of the financial services provider’s stock worth $1,131,000 after acquiring an additional 48 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

JLL has been the topic of a number of analyst reports. Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Barclays raised their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $427.60.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Trading Down 1.9%

Shares of NYSE:JLL traded down $5.86 during midday trading on Friday, hitting $304.93. 428,613 shares of the stock traded hands, compared to its average volume of 465,007. The stock has a market capitalization of $13.98 billion, a PE ratio of 14.61 and a beta of 1.30. The business’s 50 day moving average is $341.98 and its two-hundred day moving average is $326.30. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. Jones Lang LaSalle’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 earnings per share. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 25.07 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.