Jones Lang LaSalle Incorporated (JLL) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8,404.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,242 shares of the financial services provider’s stock after purchasing an additional 437,042 shares during the quarter. Franklin Resources Inc. owned about 0.98% of Jones Lang LaSalle worth $55,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Jones Lang LaSalle by 679.3% during the 1st quarter. IFP Advisors Inc now owns 904 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 788 shares during the period. Schroder Investment Management Group boosted its holdings in Jones Lang LaSalle by 406.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 883 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in Jones Lang LaSalle during the 2nd quarter valued at about $147,000. Commonwealth Bank of Australia boosted its holdings in Jones Lang LaSalle by 3.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 44 shares during the period. Finally, Robecosam AG boosted its holdings in Jones Lang LaSalle by 25.0% during the 1st quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

A number of brokerages recently commented on JLL. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. BidaskClub cut 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 report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price for the company. Finally, ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $133.43.

Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 120.70 on Friday. The stock has a market cap of $5.47 billion, a PE ratio of 18.22 and a beta of 1.81. The stock has a 50 day moving average price of $122.21 and a 200 day moving average price of $117.67. 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 earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, topping 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post $8.22 earnings per share for the current year.

In other news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $125.80, for a total value of $125,800.00. Following the completion of the sale, the director now owns 47,417 shares of the company’s stock, valued at $5,965,058.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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