Tredje AP fonden boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 68.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,555 shares of the financial services provider’s stock after acquiring an additional 7,110 shares during the quarter. Tredje AP fonden’s holdings in Jones Lang LaSalle were worth $2,168,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position 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 acquiring an additional 89,697 shares in the last quarter. Atlanta Capital Management Co. L L C raised its position 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 acquiring an additional 229,831 shares in the last quarter. TCW Group Inc. raised its position 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 acquiring an additional 28,263 shares in the last quarter. Janus Henderson Group PLC raised its position 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 acquiring an additional 637,233 shares in the last quarter. Finally, Platinum Investment Management Ltd. increased its position in shares of 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 valued at $79,326,000 after buying an additional 330,913 shares in the last quarter. Hedge funds and other institutional investors own 91.17% of the company’s stock.
JLL has been the subject of a number of research analyst reports. Royal Bank Of Canada cut Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $133.57.
Shares of Jones Lang LaSalle Incorporated (JLL) traded up $1.28 during mid-day trading on Wednesday, hitting $152.21. The stock had a trading volume of 402,800 shares, compared to its average volume of 296,573. Jones Lang LaSalle Incorporated has a twelve month low of $97.60 and a twelve month high of $155.25. The stock has a market capitalization of $6,847.15, a PE ratio of 18.45, a P/E/G ratio of 1.65 and a beta of 1.91. 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 (NYSE:JLL) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.41. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business posted $1.42 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. analysts forecast that Jones Lang LaSalle Incorporated will post 8.31 EPS for the current year.
The business also recently disclosed 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 represents a yield of 0.52%. The ex-dividend date is Wednesday, November 15th. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 9.92%.
Jones Lang LaSalle 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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