Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,440 shares of the financial services provider’s stock after selling 303 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Jones Lang LaSalle were worth $181,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JLL. Capstone Asset Management Co. increased its stake in shares of Jones Lang LaSalle by 7.6% in the second quarter. Capstone Asset Management Co. now owns 5,501 shares of the financial services provider’s stock valued at $688,000 after buying an additional 390 shares during the period. Beacon Financial Group bought a new position in Jones Lang LaSalle during the second quarter valued at $813,000. Xact Kapitalforvaltning AB raised its position in Jones Lang LaSalle by 3.4% in the second quarter. Xact Kapitalforvaltning AB now owns 10,650 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 350 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Jones Lang LaSalle by 1.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 5,940 shares of the financial services provider’s stock valued at $662,000 after buying an additional 90 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Jones Lang LaSalle by 5.6% in the first quarter. Clearbridge Investments LLC now owns 504,316 shares of the financial services provider’s stock valued at $56,206,000 after buying an additional 26,607 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (NYSE JLL) opened at 116.95 on Friday. The stock’s 50 day moving average is $125.55 and its 200 day moving average is $116.26. The firm has a market cap of $5.30 billion, a PE ratio of 17.66 and a beta of 1.81. 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 issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $1.76 billion. During the same period last year, the company earned $1.93 EPS. Jones Lang LaSalle’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle Incorporated will post $8.16 EPS for the current fiscal year.

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Several research analysts have recently commented on JLL shares. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Bank of America Corporation reissued a “buy” rating and issued a $140.00 price target on shares of Jones Lang LaSalle in a report on Monday, May 8th. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a report on Monday, July 10th. Finally, BidaskClub raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $133.43.

In related news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $125.80, for a total transaction of $125,800.00. Following the completion of the sale, the director now directly owns 47,417 shares of the company’s stock, valued at approximately $5,965,058.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $368,870 over the last three months. 0.72% of the stock is owned by corporate insiders.

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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