Southpoint Capital Advisors LP lessened its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 31.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 275,000 shares of the financial services provider’s stock after selling 125,000 shares during the period. Jones Lang LaSalle makes up 1.4% of Southpoint Capital Advisors LP’s investment portfolio, making the stock its 27th largest holding. Southpoint Capital Advisors LP owned 0.61% of Jones Lang LaSalle worth $34,375,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake 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 acquiring an additional 80,617 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake 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 acquiring an additional 600 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth $2,325,000. Pegasus Partners Ltd. acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth $4,369,000. Finally, St. James Investment Company LLC lifted its stake 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 acquiring an additional 118,165 shares during the period. Institutional investors own 90.31% of the company’s stock.

A number of equities analysts have recently issued reports on JLL shares. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Tuesday. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. UBS AG started coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 price target for the company. ValuEngine downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $132.00 price target on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $133.57.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the completion of the sale, the director now directly owns 46,417 shares of the company’s stock, valued at approximately $5,712,540.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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Jones Lang LaSalle Incorporated (NYSE:JLL) traded down 0.39% during trading on Friday, reaching $128.06. 24,609 shares of the company’s stock traded hands. The company has a 50-day moving average of $121.82 and a 200 day moving average of $118.69. The stock has a market capitalization of $5.81 billion, a P/E ratio of 19.34 and a beta of 1.80. Jones Lang LaSalle Incorporated has a 12 month low of $86.62 and a 12 month high of $134.76.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $1.93 EPS. Jones Lang LaSalle’s revenue was up 14.4% on a year-over-year basis. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post $8.22 earnings per share for the current fiscal year.

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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