Goodman Financial Corp reduced its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,835 shares of the financial services provider’s stock after selling 1,055 shares during the period. Jones Lang LaSalle makes up about 3.5% of Goodman Financial Corp’s investment portfolio, making the stock its 10th largest position. Goodman Financial Corp’s holdings in Jones Lang LaSalle were worth $7,192,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. purchased a new position in Jones Lang LaSalle in the 3rd quarter worth about $125,000. Cornerstone Wealth Management LLC purchased a new position in Jones Lang LaSalle in the 2nd quarter worth about $172,000. Itau Unibanco Holding S.A. purchased a new position in Jones Lang LaSalle in the 2nd quarter worth about $183,000. CHICAGO TRUST Co NA purchased a new position in Jones Lang LaSalle in the 3rd quarter worth about $202,000. Finally, IFM Investors Pty Ltd purchased a new position in Jones Lang LaSalle in the 2nd quarter worth about $206,000. 94.06% of the stock is currently owned by hedge funds and other institutional investors.
In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $154.94, for a total transaction of $30,988.00. Following the completion of the sale, the chief executive officer now directly owns 1,341 shares in the company, valued at approximately $207,774.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $179.17.
Shares of NYSE JLL opened at $137.38 on Monday. Jones Lang LaSalle Inc has a one year low of $127.02 and a one year high of $178.75. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.22 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.92 and a quick ratio of 1.92.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.05. Jones Lang LaSalle had a return on equity of 13.84% and a net margin of 2.62%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company posted $2.17 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts expect that Jones Lang LaSalle Inc will post 10.25 EPS for the current year.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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