Affinity Investment Advisors LLC decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,115 shares of the financial services provider’s stock after selling 2,650 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $1,990,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Jones Lang LaSalle in the second quarter worth $263,000. Mckinley Capital Management LLC Delaware bought a new position in Jones Lang LaSalle during the second quarter valued at about $105,000. IFP Advisors Inc boosted its stake in Jones Lang LaSalle by 0.7% during the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after buying an additional 6 shares in the last quarter. Schroder Investment Management Group boosted 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 valued at $136,000 after buying an additional 883 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Jones Lang LaSalle during the second quarter valued at about $147,000. 90.08% of the stock is owned by institutional investors.
Jones Lang LaSalle Incorporated (NYSE JLL) traded up $0.51 during trading hours on Friday, hitting $145.76. The company had a trading volume of 237,200 shares, compared to its average volume of 304,610. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.97. Jones Lang LaSalle Incorporated has a fifty-two week low of $92.26 and a fifty-two week high of $146.96. The firm has a market cap of $6,612.55, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.41. The business had revenue of $1.95 billion during 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 revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $1.42 EPS. analysts anticipate that Jones Lang LaSalle Incorporated will post 8.23 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be paid a $0.37 dividend. This is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a yield of 0.52%. The ex-dividend date is Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio is currently 9.38%.
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In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Tuesday, October 3rd. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, UBS AG assumed coverage on Jones Lang LaSalle in a research note on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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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