Westpac Banking Corp Sells 4,657 Shares of Jones Lang LaSalle Incorporated (JLL)

Westpac Banking Corp decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 63.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,632 shares of the financial services provider’s stock after selling 4,657 shares during the period. Westpac Banking Corp’s holdings in Jones Lang LaSalle were worth $329,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Jones Lang LaSalle by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 6 shares during the last quarter. Robecosam AG raised its holdings in Jones Lang LaSalle by 25.0% in the 1st quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 250 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Jones Lang LaSalle by 18.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 200 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $147,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Jones Lang LaSalle by 60.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (JLL) opened at 120.70 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The stock has a market cap of $5.47 billion, a PE ratio of 18.22 and a beta of 1.81. The stock has a 50 day moving average of $122.04 and a 200 day moving average of $117.71.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 4.14% and a return on equity of 12.04%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.93 earnings per share. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post $8.22 EPS for the current year.

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

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A number of research firms have commented on JLL. UBS AG began coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 price objective for the company. ValuEngine downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $132.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. BidaskClub downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Jones Lang LaSalle has an average rating of “Buy” and an average price target of $133.43.

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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