Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Strs Ohio

Strs Ohio boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 38.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,565 shares of the financial services provider’s stock after buying an additional 57,879 shares during the period. Strs Ohio owned approximately 0.46% of Jones Lang LaSalle worth $25,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its position in shares of 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 last quarter. Macquarie Group Ltd. raised its stake 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 in the last quarter. Denali Advisors LLC raised its stake in Jones Lang LaSalle by 272.5% in the first quarter. Denali Advisors LLC now owns 19,000 shares of the financial services provider’s stock valued at $2,118,000 after buying an additional 13,900 shares in the last quarter. Trust Co. of Oklahoma acquired a new stake in Jones Lang LaSalle during the first quarter valued at approximately $231,000. Finally, Gulf International Bank UK Ltd raised its stake 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 in the last quarter. 89.14% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Incorporated (NYSE JLL) opened at 116.95 on Friday. The stock has a market cap of $5.30 billion, a P/E ratio of 17.66 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 52 week low of $86.62 and a 52 week high of $134.76. The stock has a 50 day moving average of $125.55 and a 200-day moving average of $116.26.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 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 the consensus estimate of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. 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 firm posted $1.93 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post $8.16 earnings per share for the current year.

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JLL has been the topic of several research reports. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Barclays PLC raised their target price on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. 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 research report on Monday, May 8th. BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $133.43.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the completion of the sale, the director now directly owns 46,417 shares of the company’s stock, valued at $5,712,540.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,000 shares of company stock valued at $368,870 over the last three months. Insiders own 0.72% of the company’s stock.

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.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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