Robeco Institutional Asset Management B.V. bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,042 shares of the financial services provider’s stock, valued at approximately $251,000.
Other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of Jones Lang LaSalle by 54.9% during the second quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after purchasing an additional 80,617 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings 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 valued at $178,000 after acquiring an additional 600 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Jones Lang LaSalle by 6.5% during 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 purchasing an additional 9,944 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth $2,325,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Jones Lang LaSalle by 3.2% during the second quarter. Principal Financial Group Inc. now owns 190,343 shares of the financial services provider’s stock worth $23,793,000 after purchasing an additional 5,902 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.
Jones Lang LaSalle Incorporated (NYSE JLL) opened at $145.76 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. Jones Lang LaSalle Incorporated has a 1-year low of $92.26 and a 1-year high of $146.96. The firm has a market capitalization of $6,612.55, a PE ratio of 17.82, a PEG ratio of 1.61 and a beta of 1.85.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results 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. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. Jones Lang LaSalle’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 EPS. analysts forecast that Jones Lang LaSalle Incorporated will post 8.23 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be paid a $0.37 dividend. This represents a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s dividend payout ratio is presently 9.38%.
In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction dated 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 owns 46,417 shares in the company, valued at $5,712,540.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.
Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price for the company. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Finally, ValuEngine lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $133.57.
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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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