Retirement Systems of Alabama lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 105,426 shares of the financial services provider’s stock after selling 35 shares during the period. Retirement Systems of Alabama’s holdings in Jones Lang LaSalle were worth $13,178,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JLL. IFP Advisors Inc boosted its stake in Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after buying an additional 6 shares during the period. Sei Investments Co. boosted its stake in Jones Lang LaSalle by 55.6% in the second quarter. Sei Investments Co. now owns 15,457 shares of the financial services provider’s stock worth $1,934,000 after buying an additional 5,525 shares during the period. Texas Permanent School Fund boosted its stake in Jones Lang LaSalle by 0.9% in the second quarter. Texas Permanent School Fund now owns 33,064 shares of the financial services provider’s stock worth $4,133,000 after buying an additional 304 shares during the period. World Asset Management Inc boosted its stake in Jones Lang LaSalle by 1.2% in the second quarter. World Asset Management Inc now owns 3,080 shares of the financial services provider’s stock worth $385,000 after buying an additional 36 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Jones Lang LaSalle by 0.7% in the second quarter. Great West Life Assurance Co. Can now owns 36,507 shares of the financial services provider’s stock worth $4,561,000 after buying an additional 252 shares during the period. 88.66% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Incorporated (JLL) opened at 125.14 on Thursday. Jones Lang LaSalle Incorporated has a 52-week low of $86.62 and a 52-week high of $134.76. The stock’s 50 day moving average is $125.56 and its 200 day moving average is $115.41. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 18.89 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last posted 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. 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 company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.93 EPS. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post $8.05 earnings per share for the current year.

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JLL has been the topic of a number of analyst reports. Barclays PLC increased their price objective 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 research 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 research report on Monday, July 10th. JMP Securities increased their target price on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Finally, ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $133.43.

In other news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $125.80, for a total transaction of $125,800.00. Following the completion of the transaction, the director now directly owns 47,417 shares in the company, valued at approximately $5,965,058.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 3,000 shares of company stock valued at $361,240 over the last 90 days. Corporate insiders own 0.72% of the company’s stock.

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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