First Citizens Bank & Trust Co. raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 30.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,083 shares of the financial services provider’s stock after buying an additional 964 shares during the period. First Citizens Bank & Trust Co.’s holdings in Jones Lang LaSalle were worth $510,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc boosted its stake in Jones Lang LaSalle by 679.3% in the first quarter. IFP Advisors Inc now owns 904 shares of the financial services provider’s stock valued at $101,000 after buying an additional 788 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock valued at $122,000 after buying an additional 58 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Jones Lang LaSalle by 9.1% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $134,000 after buying an additional 100 shares during the last quarter. Robecosam AG boosted its stake in Jones Lang LaSalle by 25.0% in the first quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after buying an additional 250 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Jones Lang LaSalle by 18.2% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock worth $145,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Jones Lang LaSalle Incorporated (NYSE JLL) opened at 125.08 on Monday. The company’s 50-day moving average price is $124.63 and its 200-day moving average price is $114.55. Jones Lang LaSalle Incorporated has a one year low of $86.62 and a one year high of $134.76. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 18.89 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post $8.05 EPS for the current year.

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A number of equities research analysts have weighed in on JLL shares. Zacks Investment Research cut Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Jones Lang LaSalle in a research note on Monday, April 17th. JMP Securities boosted their price objective on Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Bank of America Corporation reiterated a “buy” rating and issued a $140.00 price objective on shares of Jones Lang LaSalle in a research note on Monday, May 8th. Finally, ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Jones Lang LaSalle currently has a consensus rating of “Buy” and an average target price of $133.43.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle 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 owns 48,847 shares of the company’s stock, valued at approximately $5,638,897.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $361,240 in the last ninety days. 0.72% of the stock is owned by company insiders.

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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