Motley Fool Asset Management LLC increased its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,771 shares of the financial services provider’s stock after purchasing an additional 3,020 shares during the period. Jones Lang LaSalle makes up 2.2% of Motley Fool Asset Management LLC’s portfolio, making the stock its 12th biggest position. Motley Fool Asset Management LLC’s holdings in Jones Lang LaSalle were worth $18,620,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in shares of Jones Lang LaSalle by 64.2% in the third quarter. Nordea Investment Management AB now owns 44,750 shares of the financial services provider’s stock valued at $6,458,000 after purchasing an additional 17,492 shares during the period. Vanguard Group Inc lifted its stake in shares of Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after purchasing an additional 432,487 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Jones Lang LaSalle by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 4,816 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 93 shares during the period. Oakbrook Investments LLC lifted its stake in shares of Jones Lang LaSalle by 39.7% in the fourth quarter. Oakbrook Investments LLC now owns 4,050 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 1,150 shares during the period. Finally, BTIM Corp. lifted its stake in shares of Jones Lang LaSalle by 12.9% in the fourth quarter. BTIM Corp. now owns 113,081 shares of the financial services provider’s stock valued at $14,316,000 after purchasing an additional 12,958 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.
NYSE:JLL opened at $135.32 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.45. Jones Lang LaSalle Inc has a twelve month low of $119.79 and a twelve month high of $174.42. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.30 and a beta of 1.65.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.20. Jones Lang LaSalle had a net margin of 2.81% and a return on equity of 15.36%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Inc will post 11.65 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.43 per share. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.41. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 16th. Jones Lang LaSalle’s dividend payout ratio (DPR) is 6.69%.
Several analysts recently commented on JLL shares. Bank of America reiterated an “underperform” rating and issued a $150.00 price objective (up previously from $133.00) on shares of Jones Lang LaSalle in a research note on Wednesday, February 13th. Goldman Sachs Group upgraded shares of Jones Lang LaSalle from a “neutral” rating to a “buy” rating and raised their price objective for the company from $183.00 to $206.00 in a research note on Friday, May 10th. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Raymond James raised their price objective on shares of Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, Barclays reiterated a “buy” rating and issued a $184.00 price objective on shares of Jones Lang LaSalle in a research note on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $177.83.
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Jones Lang LaSalle 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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