Martin H. Nesbitt Sells 6,701 Shares of Jones Lang LaSalle Incorporated (JLL) Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were 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 approximately $5,226.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Jones Lang LaSalle Incorporated (NYSE JLL) traded up $0.56 during mid-day trading on Wednesday, reaching $149.76. 348,300 shares of the company traded hands, compared to its average volume of 297,481. Jones Lang LaSalle Incorporated has a 1 year low of $97.60 and a 1 year high of $155.25. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6,790.00, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.91.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $1.42 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.2% compared to the same quarter last year. sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 8.31 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 given a dividend of $0.37 per share. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. The ex-dividend date is Wednesday, November 15th. This represents a yield of 0.52%. Jones Lang LaSalle’s dividend payout ratio is 9.92%.

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its position in shares of Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 6 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of Jones Lang LaSalle by 3.7% in the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 44 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Jones Lang LaSalle by 3.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 77 shares in the last quarter. Pax World Management LLC increased its position in shares of Jones Lang LaSalle by 0.4% in the second quarter. Pax World Management LLC now owns 23,935 shares of the financial services provider’s stock worth $2,992,000 after acquiring an additional 100 shares in the last quarter. Finally, AXA increased its position in shares of Jones Lang LaSalle by 2.9% in the second quarter. AXA now owns 4,294 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 120 shares in the last quarter. 91.17% of the stock is owned by hedge funds and other institutional investors.

JLL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Tuesday, October 3rd. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and an average 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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