Parsec Financial Management Inc. Invests $1.15 Million in Jones Lang LaSalle Incorporated (JLL) Stock

Parsec Financial Management Inc. purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,270 shares of the financial services provider’s stock, valued at approximately $1,145,000.

Other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its stake in Jones Lang LaSalle by 54.9% in the second quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after acquiring an additional 80,617 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Jones Lang LaSalle by 60.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 600 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Jones Lang LaSalle by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock worth $20,280,000 after acquiring an additional 9,944 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Jones Lang LaSalle in the second quarter worth approximately $2,325,000. Finally, Principal Financial Group Inc. lifted its stake in Jones Lang LaSalle by 3.2% in the second quarter. Principal Financial Group Inc. now owns 190,343 shares of the financial services provider’s stock worth $23,793,000 after acquiring an additional 5,902 shares during the last quarter. Institutional investors own 90.32% of the company’s stock.

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In other news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 46,417 shares in the company, valued at approximately $5,712,540.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (NYSE JLL) opened at 127.37 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $86.62 and a 12-month high of $134.76. The firm’s 50-day moving average is $126.18 and its 200-day moving average is $121.29. The firm has a market cap of $5.77 billion, a PE ratio of 19.23 and a beta of 1.80.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results 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. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post $8.14 earnings per share for the current fiscal year.

JLL has been the subject of a number of recent research reports. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Tuesday, October 3rd. BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $132.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $133.57.

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.

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

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