Van ECK Associates Corp decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 43.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,588 shares of the financial services provider’s stock after selling 102,458 shares during the period. Van ECK Associates Corp owned about 0.30% of Jones Lang LaSalle worth $16,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake 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 worth $484,647,000 after acquiring an additional 4,195,662 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Jones Lang LaSalle by 4.2% during the first quarter. Vanguard Group Inc. now owns 3,710,306 shares of the financial services provider’s stock worth $413,513,000 after purchasing an additional 150,310 shares in the last quarter. State Street Corp grew its stake in shares of Jones Lang LaSalle by 3.2% during the first quarter. State Street Corp now owns 1,441,208 shares of the financial services provider’s stock worth $160,620,000 after purchasing an additional 44,110 shares in the last quarter. TCW Group Inc. grew its stake in shares of Jones Lang LaSalle by 4.7% during the first quarter. TCW Group Inc. now owns 837,533 shares of the financial services provider’s stock worth $93,343,000 after purchasing an additional 37,224 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Jones Lang LaSalle by 4.4% during 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 purchasing an additional 25,387 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 121.00 on Friday. The stock has a 50 day moving average of $121.68 and a 200-day moving average of $117.79. The stock has a market capitalization of $5.49 billion, a PE ratio of 18.27 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.

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 for the quarter, beating the Thomson Reuters’ 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 net margin of 4.14% and a return on equity of 12.04%. Jones Lang LaSalle’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $1.93 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post $8.22 earnings per share for the current fiscal year.

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In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total transaction of $123,070.00. Following the sale, the director now directly owns 46,417 shares in the company, valued at approximately $5,712,540.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by insiders.

JLL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. Barclays PLC boosted 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 note on Tuesday, July 18th. BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $120.00 target price on shares of Jones Lang LaSalle in a research note on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $133.43.

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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