Northwestern Mutual Wealth Management Co. boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 26.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,512 shares of the financial services provider’s stock after buying an additional 1,755 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Jones Lang LaSalle were worth $1,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Jones Lang LaSalle by 2,744.5% during the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock worth $484,647,000 after buying an additional 4,195,662 shares during the period. Vanguard Group Inc. increased its position in 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 buying an additional 150,310 shares during the period. State Street Corp increased its position in 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 buying an additional 44,110 shares during the period. TCW Group Inc. increased its position in 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 buying an additional 37,224 shares during the period. Finally, William Blair Investment Management LLC increased its position in 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 buying an additional 25,387 shares during the period. 90.45% of the stock is currently owned by institutional investors.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $125.80, for a total transaction of $125,800.00. Following the sale, the director now owns 47,417 shares in the company, valued at $5,965,058.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,000 shares of company stock worth $368,870 in the last 90 days. 0.72% of the stock is currently owned by insiders.

Jones Lang LaSalle Incorporated (JLL) opened at 122.75 on Wednesday. Jones Lang LaSalle Incorporated has a 52 week low of $86.62 and a 52 week high of $134.76. The stock has a market capitalization of $5.56 billion, a P/E ratio of 18.53 and a beta of 1.81. The firm has a 50 day moving average price of $123.02 and a 200 day moving average price of $117.55.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts predict that Jones Lang LaSalle Incorporated will post $8.20 earnings per share for the current year.

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Several research analysts have commented on JLL shares. 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 lifted their price target on Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. BidaskClub raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report 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. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $120.00 price target on shares of Jones Lang LaSalle in a research report on Friday, June 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $133.43.

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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