Sumitomo Mitsui Asset Management Company LTD maintained its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,596 shares of the financial services provider’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Jones Lang LaSalle were worth $449,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Jones Lang LaSalle by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 60,433 shares of the financial services provider’s stock valued at $6,106,000 after buying an additional 7,752 shares during the period. Macquarie Group Ltd. boosted its position in Jones Lang LaSalle by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the financial services provider’s stock valued at $171,000 after buying an additional 1,300 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Jones Lang LaSalle by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 14,400 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 100 shares during the last quarter. Bank of Montreal Can boosted its position in Jones Lang LaSalle by 33.4% in the first quarter. Bank of Montreal Can now owns 69,062 shares of the financial services provider’s stock valued at $7,696,000 after buying an additional 17,286 shares during the last quarter. Finally, First National Bank of Omaha acquired a new position in Jones Lang LaSalle during the first quarter valued at about $3,060,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (JLL) opened at 121.31 on Friday. The company’s 50 day moving average price is $125.63 and its 200-day moving average price is $115.45. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 18.32 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business earned $1.93 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities analysts expect that Jones Lang LaSalle Incorporated will post $8.08 EPS for the current fiscal year.

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JLL has been the subject of several research analyst reports. Barclays PLC increased their price objective on Jones Lang LaSalle from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, June 9th. Bank of America Corporation reiterated a “buy” rating and issued a $140.00 price objective 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 price objective for the company in a research report on Monday, July 10th. JMP Securities increased their price objective on Jones Lang LaSalle from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Finally, ValuEngine upgraded 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 assigned a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $133.43.

In other news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $115.44, for a total transaction of $115,440.00. Following the sale, the director now directly owns 48,847 shares of the company’s stock, valued at $5,638,897.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 3,000 shares of company stock worth $361,240 over the last ninety days. 0.72% of the stock is owned by 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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