Public Employees Retirement System of Ohio boosted its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 85.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,003 shares of the financial services provider’s stock after purchasing an additional 16,097 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.08% of Jones Lang LaSalle worth $4,323,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Jones Lang LaSalle in the second quarter valued at approximately $263,000. Mckinley Capital Management LLC Delaware purchased a new stake in Jones Lang LaSalle during the second quarter worth approximately $105,000. Schroder Investment Management Group grew its stake in Jones Lang LaSalle by 406.9% during the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after buying an additional 883 shares during the period. Commonwealth Bank of Australia grew its stake in Jones Lang LaSalle by 3.7% during the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after buying an additional 44 shares during the period. Finally, M&T Bank Corp purchased a new stake in Jones Lang LaSalle during the second quarter worth approximately $206,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.
In other news, CEO Jeff A. Jacobson sold 6,713 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at $661,768.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the transaction, the director now directly owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.
Shares of Jones Lang LaSalle Inc (JLL) opened at $150.02 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. Jones Lang LaSalle Inc has a 52 week low of $97.60 and a 52 week high of $155.25. The stock has a market cap of $6,785.46, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.62 and a beta of 1.91.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.41. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm earned $1.42 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.2% on a year-over-year basis. sell-side analysts predict that Jones Lang LaSalle Inc will post 8.41 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 16th were given a dividend of $0.37 per share. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, November 15th. Jones Lang LaSalle’s payout ratio is presently 9.92%.
Several research firms have issued reports on JLL. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, October 3rd. Royal Bank of Canada downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Finally, ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $133.57.
Jones Lang LaSalle Company 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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