Jones Lang LaSalle Incorporated (JLL) Stake Increased by NGAM Advisors L.P.
NGAM Advisors L.P. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 42.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,174 shares of the financial services provider’s stock after buying an additional 4,781 shares during the period. NGAM Advisors L.P.’s holdings in Jones Lang LaSalle were worth $2,021,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in JLL. BlackRock Inc. boosted its position in shares of 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 last quarter. Harbor Spring Capital LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $37,224,000. Platinum Investment Management Ltd. purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $33,847,000. Vanguard Group Inc. boosted its position in shares of 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 last quarter. Finally, Strs Ohio boosted its position in shares of 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 last quarter. Institutional investors own 88.66% of the company’s stock.
Shares of Jones Lang LaSalle Incorporated (JLL) opened at 120.68 on Friday. The stock has a 50 day moving average of $125.69 and a 200-day moving average of $115.61. Jones Lang LaSalle Incorporated has a 52-week low of $86.62 and a 52-week high of $134.76. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.22 and a beta of 1.81.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the firm earned $1.93 EPS. Jones Lang LaSalle’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post $8.08 EPS for the current fiscal year.
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Several research analysts have commented on JLL shares. BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research lowered shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Bank of America Corporation reissued a “buy” rating and issued a $140.00 price target on shares of Jones Lang LaSalle in a research report on Monday, May 8th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of Jones Lang LaSalle in a research report on Monday, April 17th. Finally, ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock 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 Thursday, June 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the sale, the director now owns 48,342 shares in the company, valued at approximately $5,801,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $361,240 over the last quarter. 0.72% of the stock is owned by 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.
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