Exchange Traded Concepts LLC Sells 3,195 Shares of Jones Lang LaSalle Incorporated $JLL

Exchange Traded Concepts LLC decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 70.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,339 shares of the financial services provider’s stock after selling 3,195 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Jones Lang LaSalle were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at approximately $25,000. Chilton Capital Management LLC boosted its position 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 worth $40,000 after acquiring an additional 33 shares during the last quarter. True Wealth Design LLC grew its stake in shares of Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 132 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $41,000. Finally, Root Financial Partners LLC bought a new stake in shares of Jones Lang LaSalle in the third quarter worth $44,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JLL shares. Keefe, Bruyette & Woods decreased their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Barclays lowered their target price on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Finally, Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $363.17.

Insider Activity at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle 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 directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction on 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.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $305.75 on Monday. The firm’s fifty day moving average price is $313.12 and its two-hundred day moving average price is $317.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market cap of $14.32 billion, a P/E ratio of 18.63 and a beta of 1.41. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $363.06.

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, topping the consensus estimate of $7.25 by $1.46. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. Jones Lang LaSalle’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.15 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Company 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.