Eaton Vance Management Decreases Holdings in Jones Lang LaSalle Incorporated (JLL)

Eaton Vance Management trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,939 shares of the financial services provider’s stock after selling 151 shares during the period. Eaton Vance Management’s holdings in Jones Lang LaSalle were worth $1,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its stake in Jones Lang LaSalle by 2,744.5% during the 1st quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock valued at $484,647,000 after acquiring an additional 4,195,662 shares during the period. Vanguard Group Inc. lifted its stake in Jones Lang LaSalle by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,710,306 shares of the financial services provider’s stock valued at $413,513,000 after acquiring an additional 150,310 shares during the period. State Street Corp lifted its stake in Jones Lang LaSalle by 3.2% during the 1st quarter. State Street Corp now owns 1,441,208 shares of the financial services provider’s stock valued at $160,620,000 after acquiring an additional 44,110 shares during the period. TCW Group Inc. lifted its stake in Jones Lang LaSalle by 4.7% during the 1st quarter. TCW Group Inc. now owns 837,533 shares of the financial services provider’s stock valued at $93,343,000 after acquiring an additional 37,224 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in Jones Lang LaSalle by 4.4% during the 2nd quarter. William Blair Investment Management LLC now owns 605,765 shares of the financial services provider’s stock valued at $75,721,000 after acquiring an additional 25,387 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total transaction of $123,070.00. Following the completion of the sale, the director now directly owns 46,417 shares of the company’s stock, valued at $5,712,540.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

Jones Lang LaSalle Incorporated (JLL) opened at 120.74 on Wednesday. Jones Lang LaSalle Incorporated has a 12-month low of $86.62 and a 12-month high of $134.76. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.23 and a beta of 1.81. The stock’s 50 day moving average is $121.68 and its 200 day moving average is $117.79.

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 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post $8.22 EPS for the current fiscal year.

JLL has been the subject of several research reports. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $120.00 price objective on shares of Jones Lang LaSalle in a research note on Friday, June 9th. Barclays PLC lifted their price objective on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. Finally, BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Five equities research 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 a consensus target price of $133.43.

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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.

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

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