Jones Lang LaSalle Incorporated $JLL Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,952 shares of the financial services provider’s stock after selling 33,342 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.31% of Jones Lang LaSalle worth $49,108,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JLL. Carr Financial Group Corp acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $216,000. True Wealth Design LLC boosted 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Jones Lang LaSalle by 443.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,742 shares of the financial services provider’s stock valued at $4,820,000 after acquiring an additional 11,213 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at $842,000. Finally, Oliver Luxxe Assets LLC increased its position in shares of Jones Lang LaSalle by 1.2% during the 4th quarter. Oliver Luxxe Assets LLC now owns 27,034 shares of the financial services provider’s stock worth $9,096,000 after purchasing an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Activity

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 14,985 shares in the company, valued at $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barclays dropped their target price on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Keefe, Bruyette & Woods reduced their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.17.

Jones Lang LaSalle Trading Down 1.3%

NYSE:JLL opened at $295.76 on Wednesday. The company has a market capitalization of $13.86 billion, a PE ratio of 18.02 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. The stock’s 50 day moving average price is $321.18 and its 200 day moving average price is $318.08. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the previous year, the company posted $6.15 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.