Mckinley Capital Management LLC Delaware bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent filing with the SEC. The firm bought 840 shares of the financial services provider’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JLL. IFP Advisors Inc boosted its stake in Jones Lang LaSalle by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 6 shares during the last quarter. Schroder Investment Management Group increased its holdings in Jones Lang LaSalle by 406.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $147,000. Commonwealth Bank of Australia increased its holdings in Jones Lang LaSalle by 3.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 44 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Jones Lang LaSalle by 60.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

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Jones Lang LaSalle Incorporated (NYSE JLL) opened at 126.84 on Tuesday. The company has a market cap of $5.75 billion, a PE ratio of 19.15 and a beta of 1.80. The firm’s 50 day moving average is $121.41 and its 200 day moving average is $118.44. Jones Lang LaSalle Incorporated has a 52-week low of $86.62 and a 52-week high of $134.76.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.37. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post $8.22 EPS for the current fiscal year.

JLL has been the subject of several analyst reports. BidaskClub raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Barclays PLC upped their price target on Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $120.00 price target on shares of Jones Lang LaSalle in a report on Friday, June 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $133.43.

In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the completion of the transaction, the director now directly owns 46,417 shares in the company, valued at approximately $5,712,540.19. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by insiders.

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.

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

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