State Board of Administration of Florida Retirement System boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,444 shares of the financial services provider’s stock after buying an additional 10,553 shares during the period. State Board of Administration of Florida Retirement System owned 0.17% of Jones Lang LaSalle worth $9,556,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its position in Jones Lang LaSalle by 4.4% in the second quarter. William Blair Investment Management LLC now owns 605,765 shares of the financial services provider’s stock worth $75,721,000 after buying an additional 25,387 shares during the period. Pegasus Partners Ltd. purchased a new position in Jones Lang LaSalle during the second quarter worth approximately $4,369,000. WCM Investment Management CA purchased a new position in Jones Lang LaSalle during the second quarter worth approximately $931,000. BNP Paribas Arbitrage SA increased its position in Jones Lang LaSalle by 175.9% in the second quarter. BNP Paribas Arbitrage SA now owns 37,049 shares of the financial services provider’s stock worth $4,631,000 after buying an additional 23,622 shares during the period. Finally, Comerica Bank increased its position in Jones Lang LaSalle by 1.0% in the second quarter. Comerica Bank now owns 35,953 shares of the financial services provider’s stock worth $4,761,000 after buying an additional 362 shares during the period. Institutional investors own 90.44% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 121.91 on Friday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 18.41 and a beta of 1.81. Jones Lang LaSalle Incorporated has a one year low of $86.62 and a one year high of $134.76. The company’s 50 day moving average price is $124.26 and its 200 day moving average price is $117.22.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post $8.20 earnings per share for the current year.

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A number of research firms have recently commented on JLL. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. BidaskClub downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG started coverage on Jones Lang LaSalle in a report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price on the stock. Finally, ValuEngine downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock 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 dated Friday, July 14th. The stock was sold at an average price of $125.80, for a total value of $125,800.00. Following the completion of the sale, the director now owns 47,417 shares of the company’s stock, valued at $5,965,058.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,000 shares of company stock valued at $368,870 in the last ninety days. 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.

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

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