TD Asset Management Inc. lessened its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 17.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,439 shares of the financial services provider’s stock after selling 533 shares during the quarter. TD Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $301,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. raised its stake in Jones Lang LaSalle by 54.9% during the 2nd quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after buying an additional 80,617 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Jones Lang LaSalle by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock worth $20,280,000 after buying an additional 9,944 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Jones Lang LaSalle during the 2nd quarter worth $2,325,000. Pacer Advisors Inc. raised its stake in Jones Lang LaSalle by 32.5% during the 3rd quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock worth $980,000 after buying an additional 1,945 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Jones Lang LaSalle by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 190,343 shares of the financial services provider’s stock worth $23,793,000 after buying an additional 5,902 shares during the period. 91.17% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on JLL. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Tuesday, October 3rd. Royal Bank of Canada cut Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Finally, ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $133.57.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.41. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. equities analysts forecast that Jones Lang LaSalle Inc will post 8.31 earnings per share for the current year.
The company also recently announced a Semi-Annual dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 16th were issued a dividend of $0.37 per share. This represents a yield of 0.52%. The ex-dividend date of this dividend was 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 is 9.92%.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction dated 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 transaction, the director now 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 available through this hyperlink. Also, CEO Jeff A. Jacobson sold 6,713 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 4,489 shares of the company’s stock, valued at approximately $661,768.38. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
TRADEMARK VIOLATION WARNING: This report was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3098262/jones-lang-lasalle-inc-jll-shares-sold-by-td-asset-management-inc.html.
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.
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.