Pekin Singer Strauss Asset Management IL Decreases Stake in Jones Lang LaSalle Incorporated (JLL)

Pekin Singer Strauss Asset Management IL lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 129,763 shares of the financial services provider’s stock after selling 7,401 shares during the period. Jones Lang LaSalle makes up 2.6% of Pekin Singer Strauss Asset Management IL’s portfolio, making the stock its 5th largest position. Pekin Singer Strauss Asset Management IL owned 0.29% of Jones Lang LaSalle worth $16,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Jones Lang LaSalle by 679.3% in the first quarter. IFP Advisors Inc now owns 904 shares of the financial services provider’s stock valued at $101,000 after buying an additional 788 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock valued at $122,000 after buying an additional 58 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of Jones Lang LaSalle by 9.1% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $134,000 after buying an additional 100 shares during the period. Robecosam AG boosted its position in shares of Jones Lang LaSalle by 25.0% in the first quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after buying an additional 250 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Jones Lang LaSalle by 18.2% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock valued at $145,000 after buying an additional 200 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Jones Lang LaSalle Incorporated (NYSE JLL) opened at 120.68 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $86.62 and a 52-week high of $134.76. The stock has a 50 day moving average price of $125.69 and a 200-day moving average price of $115.61. The firm has a market capitalization of $5.47 billion, a PE ratio of 18.22 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. Equities analysts forecast that Jones Lang LaSalle Incorporated will post $8.08 EPS for the current year.

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Several brokerages recently commented on JLL. Keefe, Bruyette & Woods reissued a “hold” rating and set a $132.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Finally, 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 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $133.43.

In other news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $115.44, for a total value of $115,440.00. Following the transaction, the director now owns 48,847 shares in the company, valued at approximately $5,638,897.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 3,000 shares of company stock worth $361,240 in the last 90 days. Company insiders own 0.72% of the company’s stock.

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.

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

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