Commerce Bank decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,369 shares of the financial services provider’s stock after selling 200 shares during the period. Commerce Bank’s holdings in Jones Lang LaSalle were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Jones Lang LaSalle by 60.0% in 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 acquiring an additional 600 shares during the last quarter. Prudential Financial Inc. raised its stake in Jones Lang LaSalle by 54.9% in the 2nd quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after acquiring an additional 80,617 shares during the last quarter. St. James Investment Company LLC raised its stake in Jones Lang LaSalle by 1,037.4% in the 2nd quarter. St. James Investment Company LLC now owns 129,555 shares of the financial services provider’s stock worth $16,194,000 after acquiring an additional 118,165 shares during the last quarter. Pegasus Partners Ltd. purchased a new position in Jones Lang LaSalle in the 2nd quarter worth $4,369,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Jones Lang LaSalle in the 2nd quarter worth $2,325,000. Institutional investors own 90.45% of the company’s stock.
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JLL has been the subject of a number of research analyst reports. BidaskClub upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. Barclays PLC lifted their price objective on Jones Lang LaSalle from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $120.00 price objective on shares of Jones Lang LaSalle in a research note 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. Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $133.43.
Shares of Jones Lang LaSalle Incorporated (NYSE JLL) opened at 120.70 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $86.62 and a 52-week high of $134.76. The firm has a market capitalization of $5.47 billion, a PE ratio of 18.22 and a beta of 1.81. The stock’s 50 day moving average price is $122.21 and its 200-day moving average price is $117.67.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $1.84 billion during 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 was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 earnings per share. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post $8.22 EPS for the current fiscal year.
In related news, Director Sheila A. Penrose sold 1,000 shares of the 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 completion of the transaction, the director now directly owns 46,417 shares of the company’s stock, valued at $5,712,540.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.
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.
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