World Asset Management Inc increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,080 shares of the financial services provider’s stock after buying an additional 36 shares during the period. World Asset Management Inc’s holdings in Jones Lang LaSalle were worth $385,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JLL. IFP Advisors Inc increased its stake in Jones Lang LaSalle by 679.3% in the first quarter. IFP Advisors Inc now owns 904 shares of the financial services provider’s stock worth $101,000 after buying an additional 788 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock worth $122,000 after buying an additional 58 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Jones Lang LaSalle by 9.1% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $134,000 after buying an additional 100 shares during the last quarter. Robecosam AG increased its stake in Jones Lang LaSalle by 25.0% in the first quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock worth $138,000 after buying an additional 250 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Jones Lang LaSalle by 18.2% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock worth $145,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Jones Lang LaSalle Incorporated (JLL) opened at 120.68 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $86.62 and a 12-month high of $134.76. The firm has a market cap of $5.47 billion, a PE ratio of 18.22 and a beta of 1.81. The stock’s 50 day moving average price is $125.69 and its 200-day moving average price is $115.61.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.37. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post $8.08 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on JLL shares. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Bank of America Corporation reiterated a “buy” rating and set a $140.00 target price on shares of Jones Lang LaSalle in a research report on Monday, May 8th. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research report on Monday, July 10th. Finally, BidaskClub upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $133.43.

In related news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the sale, the director now owns 48,342 shares of the company’s stock, valued at $5,801,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 3,000 shares of company stock valued at $361,240 in the last three months. 0.72% of the stock is owned by corporate insiders.

Jones Lang LaSalle Company 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.

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

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