Nationwide Fund Advisors lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,856 shares of the financial services provider’s stock after selling 4,205 shares during the period. Nationwide Fund Advisors owned about 0.17% of Jones Lang LaSalle worth $9,492,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 during the period. Atlanta Capital Management Co. L L C boosted its position in Jones Lang LaSalle by 18.6% during 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 during the last quarter. Janus Henderson Group PLC boosted its position in Jones Lang LaSalle by 14,443.2% during 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 during the last quarter. Platinum Investment Management Ltd. boosted its position in Jones Lang LaSalle by 109.0% during 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 during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Jones Lang LaSalle by 4.4% during the second quarter. William Blair Investment Management LLC now owns 605,765 shares of the financial services provider’s stock valued at $75,721,000 after buying an additional 25,387 shares in the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Jeff A. Jacobson sold 6,713 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares in the company, valued at $661,768.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. analysts predict that Jones Lang LaSalle Incorporated will post 8.31 earnings per share for the current year.
The company 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 dividend of $0.37 per share. This represents a yield of 0.52%. 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. Jones Lang LaSalle’s payout ratio is currently 9.92%.
Several research firms have weighed in on JLL. Royal Bank Of Canada lowered Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a 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 target price on the stock in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target 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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