Fmr LLC Has $73.96 Million Stake in Jones Lang LaSalle Incorporated (JLL)

Fmr LLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 591,631 shares of the financial services provider’s stock after purchasing an additional 54,618 shares during the period. Fmr LLC owned approximately 1.31% of Jones Lang LaSalle worth $73,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of JLL. UBS Asset Management Americas Inc. grew its position in shares of Jones Lang LaSalle by 9.8% in the first quarter. UBS Asset Management Americas Inc. now owns 126,222 shares of the financial services provider’s stock valued at $14,067,000 after purchasing an additional 11,315 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Jones Lang LaSalle by 70.6% in the first quarter. Victory Capital Management Inc. now owns 7,719 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 3,194 shares in the last quarter. AXA grew its position in shares of Jones Lang LaSalle by 5.0% in the first quarter. AXA now owns 4,174 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 200 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Jones Lang LaSalle by 12.0% in the first quarter. OppenheimerFunds Inc. now owns 15,214 shares of the financial services provider’s stock valued at $1,696,000 after purchasing an additional 1,632 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Jones Lang LaSalle by 3.5% in the first quarter. Principal Financial Group Inc. now owns 184,441 shares of the financial services provider’s stock valued at $20,556,000 after purchasing an additional 6,199 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research report on Thursday. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, October 3rd. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, UBS AG assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $133.57.

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, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.37. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. Jones Lang LaSalle’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 earned $1.93 EPS.

COPYRIGHT VIOLATION NOTICE: “Fmr LLC Has $73.96 Million Stake in Jones Lang LaSalle Incorporated (JLL)” was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.truebluetribune.com/2017/10/13/fmr-llc-has-73-96-million-stake-in-jones-lang-lasalle-incorporated-jll.html.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction that occurred on 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 directly owns 46,417 shares of the company’s stock, valued at approximately $5,712,540.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL).

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

Receive News & Ratings for Jones Lang LaSalle Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply