Shelton Wealth Management LLC Cuts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Shelton Wealth Management LLC decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,982 shares of the financial services provider’s stock after selling 53 shares during the period. Shelton Wealth Management LLC’s holdings in Jones Lang LaSalle were worth $739,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Private Trust Co. NA grew its stake in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Jones Lang LaSalle during the first quarter worth about $41,000. Principal Securities Inc. grew its stake in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 50 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Jones Lang LaSalle by 356.3% in the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock valued at $80,000 after buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 1.6%

Jones Lang LaSalle stock opened at $237.36 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $288.50. The stock’s 50 day simple moving average is $226.36 and its two-hundred day simple moving average is $247.82. The firm has a market cap of $11.27 billion, a PE ratio of 21.46 and a beta of 1.31.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Company Profile

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.