JPMorgan Chase & Co. Boosts Position in Jones Lang LaSalle Incorporated (JLL)
JPMorgan Chase & Co. increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 50.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,187 shares of the financial services provider’s stock after acquiring an additional 50,563 shares during the period. JPMorgan Chase & Co. owned approximately 0.33% of Jones Lang LaSalle worth $18,901,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of JLL. BlackRock Inc. boosted its stake in Jones Lang LaSalle by 2,744.5% during the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock worth $484,647,000 after acquiring an additional 4,195,662 shares in the last quarter. Harbor Spring Capital LLC bought a new stake in Jones Lang LaSalle during the first quarter worth about $37,224,000. Platinum Investment Management Ltd. bought a new stake in Jones Lang LaSalle during the first quarter worth about $33,847,000. Vanguard Group Inc. boosted its stake in Jones Lang LaSalle by 4.2% during the first quarter. Vanguard Group Inc. now owns 3,710,306 shares of the financial services provider’s stock worth $413,513,000 after acquiring an additional 150,310 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Jones Lang LaSalle by 40.7% during the first quarter. Dimensional Fund Advisors LP now owns 467,282 shares of the financial services provider’s stock worth $52,076,000 after acquiring an additional 135,132 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.
JLL has been the topic of several research reports. Barclays PLC boosted their price objective on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, June 9th. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Monday, July 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $120.00 price objective on shares of Jones Lang LaSalle in a research note on Friday, June 9th. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $133.43.
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In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’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 sale, the director now directly owns 46,417 shares in the company, valued at approximately $5,712,540.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.
Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 121.00 on Friday. The firm has a 50-day moving average of $121.68 and a 200 day moving average of $117.79. The stock has a market capitalization of $5.49 billion, a PE ratio of 18.27 and a beta of 1.81. Jones Lang LaSalle Incorporated has a one year low of $86.62 and a one year high of $134.76.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business earned $1.93 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate 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.
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