Jones Lang LaSalle Inc. (JLL) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. increased its position in Jones Lang LaSalle Inc. (NYSE:JLL) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 799,441 shares of the company’s stock after buying an additional 96,911 shares during the period. Prudential Financial Inc. owned about 1.77% of Jones Lang LaSalle worth $90,968,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Jones Lang LaSalle by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,414,107 shares of the company’s stock worth $332,705,000 after buying an additional 107,542 shares in the last quarter. Generation Investment Management LLP increased its stake in Jones Lang LaSalle by 87.3% in the second quarter. Generation Investment Management LLP now owns 2,212,726 shares of the company’s stock worth $215,630,000 after buying an additional 1,031,500 shares in the last quarter. BlackRock Fund Advisors increased its stake in Jones Lang LaSalle by 4.5% in the second quarter. BlackRock Fund Advisors now owns 1,891,510 shares of the company’s stock worth $184,328,000 after buying an additional 82,203 shares in the last quarter. Harris Associates L P increased its stake in Jones Lang LaSalle by 81.0% in the second quarter. Harris Associates L P now owns 1,334,805 shares of the company’s stock worth $130,076,000 after buying an additional 597,310 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C increased its stake in Jones Lang LaSalle by 50.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,167,777 shares of the company’s stock worth $113,800,000 after buying an additional 390,947 shares in the last quarter. 88.84% of the stock is owned by institutional investors.
Jones Lang LaSalle Inc. (NYSE:JLL) opened at 100.00 on Tuesday. Jones Lang LaSalle Inc. has a 52-week low of $86.62 and a 52-week high of $169.05. The firm has a 50-day moving average of $98.31 and a 200 day moving average of $108.48. The company has a market capitalization of $4.52 billion, a P/E ratio of 13.06 and a beta of 1.82.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by $0.57. Jones Lang LaSalle had a net margin of 5.34% and a return on equity of 14.19%. The firm earned $1.71 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts predict that Jones Lang LaSalle Inc. will post $8.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be paid a $0.33 dividend. This is a boost from Jones Lang LaSalle’s previous quarterly dividend of $0.11. This represents a $1.32 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, November 10th. Jones Lang LaSalle’s payout ratio is currently 8.63%.
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Several research firms have weighed in on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Barclays PLC lowered their price target on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th. Wedbush began coverage on shares of Jones Lang LaSalle in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $126.00 price target for the company. TheStreet downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $138.40.
In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the director now directly owns 50,416 shares in the company, valued at approximately $5,797,840. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by corporate insiders.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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