US Bancorp DE boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 7,389 shares of the financial services provider’s stock after buying an additional 179 shares during the period. US Bancorp DE’s holdings in Jones Lang LaSalle were worth $924,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock valued at $484,647,000 after buying an additional 4,195,662 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Jones Lang LaSalle by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,710,306 shares of the financial services provider’s stock valued at $413,513,000 after buying an additional 150,310 shares during the last quarter. State Street Corp boosted its position in shares of Jones Lang LaSalle by 3.2% in the first quarter. State Street Corp now owns 1,441,208 shares of the financial services provider’s stock valued at $160,620,000 after buying an additional 44,110 shares during the last quarter. TCW Group Inc. boosted its position in shares of Jones Lang LaSalle by 4.7% in the first quarter. TCW Group Inc. now owns 837,533 shares of the financial services provider’s stock valued at $93,343,000 after buying an additional 37,224 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Jones Lang LaSalle by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 590,810 shares of the financial services provider’s stock valued at $65,844,000 after buying an additional 30,671 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Jones Lang LaSalle Incorporated (JLL) traded down 2.28% during mid-day trading on Thursday, hitting $122.29. 70,042 shares of the stock were exchanged. Jones Lang LaSalle Incorporated has a 12-month low of $86.62 and a 12-month high of $134.76. The firm has a 50-day moving average price of $125.56 and a 200-day moving average price of $115.41. The stock has a market capitalization of $5.54 billion, a P/E ratio of 18.46 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last issued 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. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the firm earned $1.93 EPS. Jones Lang LaSalle’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities analysts predict that Jones Lang LaSalle Incorporated will post $8.08 earnings per share for the current fiscal year.

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JLL has been the subject of several recent analyst reports. Barclays PLC raised their target price on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, June 9th. Bank of America Corporation reiterated a “buy” rating and issued a $140.00 target price on shares of Jones Lang LaSalle in a report on Monday, May 8th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a report on Monday, July 10th. JMP Securities raised their target price on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Finally, ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Jones Lang LaSalle currently has an average rating of “Buy” and an average price target of $133.43.

In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the director now directly owns 48,342 shares in the company, valued at approximately $5,801,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $361,240 over the last quarter. 0.72% of the stock is owned by insiders.

About Jones Lang LaSalle

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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