Lord Abbett & CO. LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,000 shares of the financial services provider’s stock, valued at approximately $3,375,000. Lord Abbett & CO. LLC owned approximately 0.06% of Jones Lang LaSalle at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in shares of Jones Lang LaSalle by 54.9% during the 2nd quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after purchasing an additional 80,617 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of 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. Schwab Charles Investment Management Inc. grew its holdings in shares of Jones Lang LaSalle by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock worth $20,280,000 after purchasing an additional 9,944 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $2,325,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Jones Lang LaSalle by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 190,343 shares of the financial services provider’s stock worth $23,793,000 after purchasing an additional 5,902 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 129.49 on Wednesday. The company has a market cap of $5.87 billion, a P/E ratio of 19.55 and a beta of 1.80. The company’s 50 day moving average price is $126.57 and its 200 day moving average price is $121.73. 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 issued its quarterly 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. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 earnings per share. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post $8.14 EPS for the current fiscal year.

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Several analysts have recently weighed in on the company. BidaskClub lowered 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 research report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price for the company. ValuEngine downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $133.57.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total value of $123,070.00. Following the sale, the director now owns 46,417 shares of the company’s stock, valued at approximately $5,712,540.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

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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