Crossmark Global Holdings Inc. Has $9.41 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

Crossmark Global Holdings Inc. lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,550 shares of the financial services provider’s stock after selling 3,273 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Jones Lang LaSalle were worth $9,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC raised its stake in Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 33 shares during the period. Quent Capital LLC purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at $41,000. Root Financial Partners LLC acquired a new position in Jones Lang LaSalle during the third quarter valued at $44,000. Caldwell Trust Co acquired a new stake in Jones Lang LaSalle during the 2nd quarter worth about $38,000. Finally, Steph & Co. purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL opened at $308.63 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $14.46 billion, a PE ratio of 18.81 and a beta of 1.42. The stock has a 50-day moving average of $333.32 and a 200-day moving average of $318.29. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the company earned $6.15 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $362.50.

Jones Lang LaSalle Profile

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.