William Blair Investment Management LLC Sells 182,269 Shares of Jones Lang LaSalle Inc (NYSE:JLL)

William Blair Investment Management LLC cut its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 25.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 522,404 shares of the financial services provider’s stock after selling 182,269 shares during the quarter. William Blair Investment Management LLC owned approximately 1.15% of Jones Lang LaSalle worth $80,544,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc increased its position in Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after purchasing an additional 432,487 shares during the period. Oregon Public Employees Retirement Fund increased its position in Jones Lang LaSalle by 15,162.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 6,303,240 shares during the period. BlackRock Inc. increased its position in Jones Lang LaSalle by 2.1% in the first quarter. BlackRock Inc. now owns 4,854,392 shares of the financial services provider’s stock worth $748,451,000 after purchasing an additional 101,492 shares during the period. AJO LP increased its position in Jones Lang LaSalle by 18.7% in the first quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock worth $151,344,000 after purchasing an additional 154,443 shares during the period. Finally, APG Asset Management N.V. increased its position in Jones Lang LaSalle by 29.7% in the fourth quarter. APG Asset Management N.V. now owns 963,400 shares of the financial services provider’s stock worth $106,693,000 after purchasing an additional 220,600 shares during the period. 91.64% of the stock is owned by institutional investors.

Shares of Jones Lang LaSalle stock traded up $2.45 during trading on Friday, hitting $140.69. 506,588 shares of the company were exchanged, compared to its average volume of 323,163. Jones Lang LaSalle Inc has a 1-year low of $119.79 and a 1-year high of $174.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.29 and a beta of 1.73. The stock has a fifty day moving average price of $133.46.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.20. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $0.97 EPS. Jones Lang LaSalle’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts predict that Jones Lang LaSalle Inc will post 11.65 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 17th were issued a dividend of $0.43 per share. This represents a dividend yield of 0.61%. The ex-dividend date was Thursday, May 16th. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.41. Jones Lang LaSalle’s payout ratio is 7.02%.

JLL has been the subject of a number of research reports. Goldman Sachs Group upgraded Jones Lang LaSalle from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $183.00 to $206.00 in a research report on Friday, May 10th. Barclays reiterated a “buy” rating and issued a $181.00 price objective on shares of Jones Lang LaSalle in a research report on Tuesday, April 16th. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Keefe, Bruyette & Woods lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 17th. Finally, ValuEngine lowered Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $177.83.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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