Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the completion of the transaction, the chief executive officer now owns 4,489 shares of the company’s stock, valued at $661,768.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) traded down $0.43 during trading hours on Friday, hitting $152.06. 238,346 shares of the stock traded hands, compared to its average volume of 375,399. The company has a market capitalization of $6,917.93, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.68 and a beta of 1.90. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35. Jones Lang LaSalle Incorporated has a 52-week low of $97.60 and a 52-week high of $155.25.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, beating 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $1.42 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. equities research analysts expect that Jones Lang LaSalle Incorporated will post 8.23 earnings per share for the current fiscal year.
The business also recently declared 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 of this dividend is Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio is presently 9.92%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Jones Lang LaSalle by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,800,003 shares of the financial services provider’s stock worth $475,000,000 after buying an additional 89,697 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in Jones Lang LaSalle by 18.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock worth $183,497,000 after buying an additional 229,831 shares in the last quarter. TCW Group Inc. raised its stake in Jones Lang LaSalle by 3.3% in the third quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock worth $110,545,000 after buying an additional 28,263 shares in the last quarter. Janus Henderson Group PLC raised its stake in Jones Lang LaSalle by 14,443.2% in the second quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock worth $80,206,000 after buying an additional 637,233 shares in the last quarter. Finally, Platinum Investment Management Ltd. raised its stake in Jones Lang LaSalle by 109.0% in the second quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock worth $79,326,000 after buying an additional 330,913 shares in the last quarter. 91.13% of the stock is owned by institutional investors.
Several research analysts recently issued reports on JLL shares. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. 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, Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently 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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