Jones Lang LaSalle Incorporated $JLL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 70,476 shares of the financial services provider’s stock after selling 4,020 shares during the period. Intech Investment Management LLC’s holdings in Jones Lang LaSalle were worth $23,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in Jones Lang LaSalle in the fourth quarter valued at $67,000. Kingsview Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $343,000. Geode Capital Management LLC raised its holdings in Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new position in Jones Lang LaSalle during the fourth quarter worth approximately $5,128,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $1,507,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 1.4%

Shares of JLL opened at $285.92 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $217.21 and a 52-week high of $363.06. The stock has a market cap of $13.26 billion, a PE ratio of 15.37 and a beta of 1.34. The firm’s fifty day moving average is $312.93 and its two-hundred day moving average is $321.70. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the firm posted $2.31 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

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