DekaBank Deutsche Girozentrale raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 1,573.4% during the second quarter, Holdings Channel reports. The firm owned 117,877 shares of the financial services provider’s stock after buying an additional 110,833 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Jones Lang LaSalle were worth $14,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JLL. Arizona State Retirement System increased its stake in shares of Jones Lang LaSalle by 1.6% in the second quarter. Arizona State Retirement System now owns 19,100 shares of the financial services provider’s stock worth $2,388,000 after buying an additional 300 shares during the period. Boston Partners increased its stake in shares of Jones Lang LaSalle by 18.3% in the second quarter. Boston Partners now owns 228,243 shares of the financial services provider’s stock worth $28,531,000 after buying an additional 35,354 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Jones Lang LaSalle by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock worth $20,280,000 after buying an additional 9,944 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Jones Lang LaSalle by 34.1% in the second quarter. Canada Pension Plan Investment Board now owns 28,700 shares of the financial services provider’s stock worth $3,588,000 after buying an additional 7,300 shares during the period. Finally, St. James Investment Company LLC increased its stake in shares of Jones Lang LaSalle by 1,037.4% in the second quarter. St. James Investment Company LLC now owns 129,555 shares of the financial services provider’s stock worth $16,194,000 after buying an additional 118,165 shares during the period. 88.66% of the stock is owned by institutional investors.

Jones Lang LaSalle Incorporated (NYSE JLL) opened at 120.68 on Friday. The company has a 50-day moving average price of $125.69 and a 200 day moving average price of $115.61. The firm has a market cap of $5.47 billion, a PE ratio of 18.22 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 12 month low of $86.62 and a 12 month high of $134.76.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post $8.08 EPS for the current year.

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A number of analysts have recently commented on the company. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research 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 research report on Thursday, August 3rd. BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price on the stock. Finally, ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and five have issued 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 stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the director now owns 48,342 shares in the company, valued at $5,801,040. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 3,000 shares of company stock worth $361,240. 0.72% of the stock is owned by company insiders.

Jones Lang LaSalle Company 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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