Savant Capital LLC Trims Holdings in Jones Lang LaSalle Incorporated $JLL

Savant Capital LLC trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 82.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,061 shares of the financial services provider’s stock after selling 5,020 shares during the period. Savant Capital LLC’s holdings in Jones Lang LaSalle were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in Jones Lang LaSalle in the 4th quarter valued at about $29,000. Activest Wealth Management lifted its holdings in Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares in the last quarter. True Wealth Design LLC lifted its holdings in Jones Lang LaSalle by 13,200.0% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Jones Lang LaSalle in the 4th quarter valued at about $55,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 1.1%

JLL opened at $295.76 on Friday. The firm has a 50 day moving average price of $312.04 and a 200 day moving average price of $321.05. The company has a market cap of $13.72 billion, a PE ratio of 15.90 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 1 year low of $228.48 and a 1 year high of $363.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last posted its 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 firm had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were 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. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JLL. Keefe, Bruyette & Woods cut their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Barclays increased their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, UBS Group increased their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average 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.