Swiss National Bank boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,900 shares of the financial services provider’s stock after purchasing an additional 4,800 shares during the quarter. Swiss National Bank owned about 0.36% of Jones Lang LaSalle worth $20,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. IFP Advisors Inc increased its holdings 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 purchasing an additional 788 shares during the last quarter. Robecosam AG increased its holdings 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 purchasing an additional 250 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in 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 valued at $145,000 after purchasing an additional 200 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Jones Lang LaSalle in the second quarter valued at about $147,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Jones Lang LaSalle by 60.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 120.26 on Monday. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The firm has a 50-day moving average price of $123.27 and a 200-day moving average price of $117.48. The firm has a market capitalization of $5.45 billion, a PE ratio of 18.16 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, topping 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company posted $1.93 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Incorporated will post $8.20 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the company. 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 issued a $132.00 price objective 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 assumed coverage on Jones Lang LaSalle in a report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 price objective for the company. 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 issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $133.43.

In other news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle 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 transaction, the director now directly owns 47,417 shares of the company’s stock, valued at approximately $5,965,058.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 3,000 shares of company stock valued at $368,870. Corporate insiders own 0.72% of the company’s stock.

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Jones Lang LaSalle 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.

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

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