WCM Investment Management LLC Sells 1,797 Shares of Jones Lang LaSalle Incorporated $JLL

WCM Investment Management LLC lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.9% during the third quarter, Holdings Channel.com reports. The firm owned 18,336 shares of the financial services provider’s stock after selling 1,797 shares during the quarter. WCM Investment Management LLC’s holdings in Jones Lang LaSalle were worth $5,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth $26,000. Quent Capital LLC acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at about $41,000. Root Financial Partners LLC bought a new position in Jones Lang LaSalle during the third quarter worth about $44,000. Caldwell Trust Co acquired a new stake in Jones Lang LaSalle in the 2nd quarter worth about $38,000. Finally, Steph & Co. bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $50,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. UBS Group raised their price objective on Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, The Goldman Sachs Group boosted their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $364.17.

Jones Lang LaSalle Trading Down 6.9%

Shares of JLL opened at $329.65 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 25.28 and a beta of 1.42. The business’s fifty day moving average is $341.46 and its 200-day moving average is $312.65.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.Jones Lang LaSalle’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction that occurred 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 sale, the chief executive officer directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $6,609,091. Company insiders own 0.91% of the company’s stock.

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.