MERIAN GLOBAL INVESTORS UK Ltd decreased its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 9.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 671,699 shares of the financial services provider’s stock after selling 66,739 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Jones Lang LaSalle were worth $103,562,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. JOYN Advisors Inc. increased its position in Jones Lang LaSalle by 1,328.6% during the fourth quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after buying an additional 186 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new position in Jones Lang LaSalle during the first quarter worth $35,000. Parallel Advisors LLC increased its position in Jones Lang LaSalle by 62.2% during the first quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock worth $36,000 after buying an additional 89 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $39,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Jones Lang LaSalle by 15,162.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 6,303,240 shares during the last quarter. 91.74% of the stock is owned by institutional investors.
Several research firms have recently issued reports on JLL. Keefe, Bruyette & Woods cut Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 17th. Barclays restated a “buy” rating and set a $181.00 price objective on shares of Jones Lang LaSalle in a report on Tuesday, April 16th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Raymond James raised their price objective on Jones Lang LaSalle from $178.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Finally, Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $177.83.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.20. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Jones Lang LaSalle Inc will post 11.65 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.43 per share. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.41. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 0.61%. Jones Lang LaSalle’s dividend payout ratio (DPR) is 6.69%.
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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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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