Janus Henderson Group PLC Boosts Position in Jones Lang LaSalle Incorporated (JLL)

Janus Henderson Group PLC boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14,443.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 641,645 shares of the financial services provider’s stock after purchasing an additional 637,233 shares during the period. Janus Henderson Group PLC owned about 1.42% of Jones Lang LaSalle worth $80,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. IFP Advisors Inc increased its holdings in Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after buying an additional 6 shares in the last quarter. New Amsterdam Partners LLC NY increased its holdings in Jones Lang LaSalle by 0.7% in the second quarter. New Amsterdam Partners LLC NY now owns 3,452 shares of the financial services provider’s stock valued at $432,000 after buying an additional 24 shares in the last quarter. World Asset Management Inc increased its holdings in Jones Lang LaSalle by 1.2% in the second quarter. World Asset Management Inc now owns 3,080 shares of the financial services provider’s stock valued at $385,000 after buying an additional 36 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Jones Lang LaSalle by 3.7% in the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock valued at $154,000 after buying an additional 44 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings 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. Institutional investors own 90.31% of the company’s stock.

In related 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 completion of the sale, the director now owns 46,417 shares in the company, valued at $5,712,540.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by company insiders.

JLL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a report on Monday, July 10th. Barclays PLC lifted their price objective on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Royal Bank Of Canada cut shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $133.57.

Shares of Jones Lang LaSalle Incorporated (NYSE JLL) opened at 130.67 on Thursday. The stock has a market cap of $5.92 billion, a PE ratio of 19.73 and a beta of 1.80. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The stock’s 50 day moving average is $123.12 and its 200-day moving average is $119.39.

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

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Jones Lang LaSalle 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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