Riverhead Capital Management LLC Reduces Position in Jones Lang LaSalle Incorporated (JLL)

Riverhead Capital Management LLC lowered its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 38.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,195 shares of the financial services provider’s stock after selling 2,605 shares during the period. Riverhead Capital Management LLC’s holdings in Jones Lang LaSalle were worth $524,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Prudential Financial Inc. boosted its stake in Jones Lang LaSalle by 54.9% during the second 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 in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Jones Lang LaSalle by 60.0% during the first 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 in the last quarter. Pegasus Partners Ltd. bought a new stake in Jones Lang LaSalle during the second quarter worth about $4,369,000. St. James Investment Company LLC boosted its stake in Jones Lang LaSalle by 1,037.4% during the second 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Jones Lang LaSalle during the second quarter worth about $2,325,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

JLL has been the topic of several research reports. BidaskClub raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. Barclays PLC boosted their price objective on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reissued 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $133.43.

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In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the sale, the director now directly owns 46,417 shares in the company, valued at approximately $5,712,540.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

Jones Lang LaSalle Incorporated (NYSE JLL) opened at 121.05 on Thursday. The stock has a market capitalization of $5.49 billion, a PE ratio of 18.28 and a beta of 1.81. The firm has a 50-day moving average of $121.68 and a 200 day moving average of $117.79. Jones Lang LaSalle Incorporated has a one year low of $86.62 and a one year high of $134.76.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business earned $1.93 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post $8.22 earnings per share for the current fiscal year.

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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