Jones Lang LaSalle Inc (NYSE:JLL) posted its quarterly earnings data on Friday. The financial services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Jones Lang LaSalle had a net margin of 4.68% and a return on equity of 13.14%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share.

Shares of Jones Lang LaSalle (NYSE:JLL) traded up 0.73% during mid-day trading on Friday, hitting $111.35. 26,808 shares of the stock traded hands. The company has a market cap of $5.04 billion, a P/E ratio of 16.73 and a beta of 1.67. Jones Lang LaSalle has a one year low of $86.62 and a one year high of $126.80. The stock has a 50 day moving average price of $111.77 and a 200-day moving average price of $106.46.

Earnings History for Jones Lang LaSalle (NYSE:JLL)

The firm also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be given a dividend of $0.35 per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 11th. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.33. Jones Lang LaSalle’s dividend payout ratio is currently 9.48%.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $115.44, for a total value of $115,440.00. Following the sale, the director now owns 48,847 shares of the company’s stock, valued at approximately $5,638,897.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Jones Lang LaSalle by 0.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 144,084 shares of the financial services provider’s stock valued at $16,395,000 after buying an additional 405 shares during the period. Comerica Bank increased its position in Jones Lang LaSalle by 6.2% in the fourth quarter. Comerica Bank now owns 34,024 shares of the financial services provider’s stock valued at $3,633,000 after buying an additional 2,001 shares during the period. William Blair Investment Management LLC increased its position in Jones Lang LaSalle by 0.9% in the fourth quarter. William Blair Investment Management LLC now owns 531,180 shares of the financial services provider’s stock valued at $53,670,000 after buying an additional 4,634 shares during the period. State Board of Administration of Florida Retirement System increased its position in Jones Lang LaSalle by 3.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 65,699 shares of the financial services provider’s stock valued at $6,638,000 after buying an additional 2,491 shares during the period. Finally, California State Teachers Retirement System increased its position in Jones Lang LaSalle by 0.8% in the third quarter. California State Teachers Retirement System now owns 98,739 shares of the financial services provider’s stock valued at $11,236,000 after buying an additional 800 shares during the period. Institutional investors own 89.27% of the company’s stock.

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A number of research firms have recently issued reports on JLL. Barclays PLC reaffirmed an “overweight” rating and set a $123.00 target price (up previously from $119.00) on shares of Jones Lang LaSalle in a report on Friday, March 3rd. Zacks Investment Research lowered shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Bank of America Corp reissued a “buy” rating and issued a $140.00 price objective on shares of Jones Lang LaSalle in a report on Monday, May 8th. JMP Securities upped their price objective on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, May 8th. Finally, ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $126.83.

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.

5 Day Chart for NYSE:JLL

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