Jones Lang LaSalle Incorporated $JLL Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,168 shares of the financial services provider’s stock after selling 5,001 shares during the quarter. Envestnet Asset Management Inc. owned about 0.24% of Jones Lang LaSalle worth $33,457,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JLL. Chilton Capital Management LLC increased its holdings in shares of 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 worth $40,000 after buying an additional 33 shares during the last quarter. Southeast Asset Advisors LLC raised its holdings in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after buying an additional 39 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Jones Lang LaSalle by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after buying an additional 47 shares during the period. HB Wealth Management LLC increased its position in shares of Jones Lang LaSalle by 6.7% in the third quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 53 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Jones Lang LaSalle by 3.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,607 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the subject of several analyst reports. UBS Group upped their target price on Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Barclays began coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective on the stock. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $364.17.

Jones Lang LaSalle Stock Down 12.6%

NYSE:JLL opened at $302.48 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $342.31 and a 200-day moving average of $315.39. The firm has a market capitalization of $14.27 billion, a PE ratio of 23.20 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the business’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 transaction, the chief executive officer owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 20,000 shares of company stock valued at $6,609,091 in the last quarter. Company insiders own 0.91% of the company’s stock.

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.