Nisa Investment Advisors LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,510 shares of the financial services provider’s stock after selling 1,000 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of Jones Lang LaSalle worth $3,040,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Jones Lang LaSalle by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 332,150 shares of the financial services provider’s stock valued at $33,559,000 after buying an additional 32,486 shares in the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth approximately $30,891,000. Teachers Advisors LLC boosted its position in shares of Jones Lang LaSalle by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 60,433 shares of the financial services provider’s stock worth $6,106,000 after buying an additional 7,752 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Jones Lang LaSalle by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the financial services provider’s stock worth $171,000 after buying an additional 1,300 shares during the last quarter. Finally, Denali Advisors LLC boosted its position in shares of Jones Lang LaSalle by 272.5% in the first quarter. Denali Advisors LLC now owns 19,000 shares of the financial services provider’s stock worth $2,118,000 after buying an additional 13,900 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
Jones Lang LaSalle Incorporated (NYSE JLL) opened at 125.08 on Monday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 18.89 and a beta of 1.81. The firm has a 50-day moving average of $124.63 and a 200-day moving average of $114.55. 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 announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post $8.02 earnings per share for the current fiscal year.
JLL has been the topic of a number of recent research reports. Barclays PLC lifted their target price on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, June 9th. Zacks Investment Research cut shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Bank of America Corporation reissued a “buy” rating and issued a $140.00 price objective on shares of Jones Lang LaSalle in a research note on Monday, May 8th. JMP Securities boosted their target price on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Finally, ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $133.43.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the director now directly owns 48,342 shares in the company, valued at $5,801,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,000 shares of company stock valued at $361,240 over the last 90 days. Corporate insiders own 0.72% of the company’s stock.
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.
Receive News & Ratings for Jones Lang LaSalle Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
