Northern Trust Corp trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,153 shares of the financial services provider’s stock after selling 14,014 shares during the period. Northern Trust Corp owned 0.95% of Jones Lang LaSalle worth $53,895,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in shares of Jones Lang LaSalle by 54.9% in the 2nd quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after purchasing an additional 80,617 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Jones Lang LaSalle by 60.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 600 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth about $2,325,000. Pegasus Partners Ltd. purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth about $4,369,000. Finally, St. James Investment Company LLC lifted its position in shares of Jones Lang LaSalle by 1,037.4% in the 2nd quarter. St. James Investment Company LLC now owns 129,555 shares of the financial services provider’s stock worth $16,194,000 after purchasing an additional 118,165 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total transaction of $123,070.00. Following the transaction, the director now directly owns 46,417 shares in the company, valued at approximately $5,712,540.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Several research firms have recently commented on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Tuesday. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. UBS AG began coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price for the company. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $132.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $133.57.

Jones Lang LaSalle Incorporated (NYSE JLL) opened at 128.62 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $86.62 and a 12 month high of $134.76. The company’s 50-day moving average is $122.17 and its 200-day moving average is $118.83. The stock has a market capitalization of $5.83 billion, a PE ratio of 19.42 and a beta of 1.80.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business earned $1.93 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post $8.22 EPS for the current year.

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Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

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

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