Pegasus Partners Ltd. purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,953 shares of the financial services provider’s stock, valued at approximately $4,369,000. Jones Lang LaSalle comprises about 1.2% of Pegasus Partners Ltd.’s investment portfolio, making the stock its 12th largest position.

Several other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after buying an additional 6 shares during the period. New Amsterdam Partners LLC NY boosted its stake in Jones Lang LaSalle by 0.7% in the second quarter. New Amsterdam Partners LLC NY now owns 3,452 shares of the financial services provider’s stock worth $432,000 after buying an additional 24 shares during the period. World Asset Management Inc boosted its stake in Jones Lang LaSalle by 1.2% in the second quarter. World Asset Management Inc now owns 3,080 shares of the financial services provider’s stock worth $385,000 after buying an additional 36 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock worth $122,000 after buying an additional 58 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Jones Lang LaSalle by 0.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,689 shares of the financial services provider’s stock worth $745,000 after buying an additional 58 shares during the period. 89.14% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 116.70 on Friday. The company’s 50 day moving average is $125.74 and its 200-day moving average is $116.15. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 17.62 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business earned $1.93 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle Incorporated will post $8.16 EPS for the current fiscal year.

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A number of research firms have recently weighed in on JLL. Barclays PLC lifted their price target on Jones Lang LaSalle from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, June 9th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG began coverage on Jones Lang LaSalle in a report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $120.00 price target on shares of Jones Lang LaSalle in a report on Friday, June 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company 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 the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the transaction, the director now directly owns 48,342 shares in the company, valued at $5,801,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,000 shares of company stock worth $368,870 over the last quarter. 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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