Shell Asset Management Co. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,771 shares of the financial services provider’s stock after selling 349 shares during the period. Shell Asset Management Co. owned 0.05% of Jones Lang LaSalle worth $3,096,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. BlackRock Inc. raised its position in 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 period. Harbor Spring Capital LLC bought a new position in Jones Lang LaSalle during the first quarter valued at approximately $37,224,000. Platinum Investment Management Ltd. bought a new position in Jones Lang LaSalle during the first quarter valued at approximately $33,847,000. Vanguard Group Inc. raised its position in 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 period. Finally, Strs Ohio raised its position in Jones Lang LaSalle by 21,574.3% in the first quarter. Strs Ohio now owns 148,686 shares of the financial services provider’s stock valued at $16,571,000 after buying an additional 148,000 shares during the period. 89.14% of the stock is currently owned by institutional investors.
Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 116.95 on Friday. The company has a 50-day moving average price of $125.55 and a 200-day moving average price of $116.26. The firm has a market capitalization of $5.30 billion, a P/E ratio of 17.66 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.37. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post $8.16 earnings per share for the current fiscal year.
JLL has been the topic of a number of analyst reports. BidaskClub raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $140.00 target price on shares of Jones Lang LaSalle in a research report on Monday, May 8th. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. JMP Securities lifted their target price 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, Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $133.43.
In other news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were 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 owns 47,417 shares of the company’s stock, valued at $5,965,058.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,000 shares of company stock valued at $368,870 in the last ninety days. 0.72% of the stock is owned by company 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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