First Citizens Bank & Trust Co. Has $303,000 Holdings in Jones Lang LaSalle Inc (JLL)

First Citizens Bank & Trust Co. trimmed its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,034 shares of the financial services provider’s stock after selling 528 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Jones Lang LaSalle were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew 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 valued at $475,000,000 after purchasing an additional 89,697 shares in the last quarter. Atlanta Capital Management Co. L L C grew 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 valued at $183,497,000 after purchasing an additional 229,831 shares in the last quarter. TCW Group Inc. grew 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 valued at $110,545,000 after purchasing an additional 28,263 shares in the last quarter. Janus Henderson Group PLC grew 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 valued at $80,206,000 after purchasing an additional 637,233 shares in the last quarter. Finally, Platinum Investment Management Ltd. grew 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 valued at $79,326,000 after purchasing an additional 330,913 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

In other news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the sale, the director now directly owns 35 shares of the company’s stock, valued at $5,226.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeff A. Jacobson sold 6,713 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the sale, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at $661,768.38. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

A number of research analysts have weighed in on JLL shares. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada downgraded Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. 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 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. Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $133.57.

Shares of Jones Lang LaSalle Inc (JLL) opened at $153.87 on Friday. Jones Lang LaSalle Inc has a 52-week low of $97.60 and a 52-week high of $155.89. The stock has a market capitalization of $7,006.84, a P/E ratio of 20.63, a PEG ratio of 1.54 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm posted $1.42 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. sell-side analysts anticipate that Jones Lang LaSalle Inc will post 8.41 EPS for the current year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 16th were given a $0.37 dividend. This represents a dividend yield of 0.52%. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. The ex-dividend date of this dividend was Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio (DPR) is presently 9.92%.

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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.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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