Magnetar Financial LLC purchased a new position in Jones Lang LaSalle Inc (NYSE:JLL) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,885 shares of the financial services provider’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Jones Lang LaSalle by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after buying an additional 6 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Jones Lang LaSalle by 3.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock valued at $154,000 after buying an additional 44 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Jones Lang LaSalle by 3.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock valued at $259,000 after buying an additional 77 shares in the last quarter. Pax World Management LLC lifted its stake in Jones Lang LaSalle by 0.4% in the 2nd quarter. Pax World Management LLC now owns 23,935 shares of the financial services provider’s stock valued at $2,992,000 after buying an additional 100 shares in the last quarter. Finally, AXA lifted its stake in Jones Lang LaSalle by 2.9% in the 2nd quarter. AXA now owns 4,294 shares of the financial services provider’s stock valued at $537,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

In related news, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the sale, the chief executive officer now directly owns 4,489 shares in the company, valued at approximately $661,768.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the sale, the director now owns 35 shares of the company’s stock, valued at $5,226.20. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Tuesday, October 3rd. Royal Bank of Canada lowered Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Finally, ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $133.57.

Jones Lang LaSalle Inc (NYSE:JLL) opened at $148.48 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $6,735.94, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.62 and a beta of 1.91. Jones Lang LaSalle Inc has a 52-week low of $97.60 and a 52-week high of $155.25.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $1.42 EPS. analysts predict that Jones Lang LaSalle Inc will post 8.41 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 16th were given a $0.37 dividend. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a dividend yield of 0.52%. The ex-dividend date was Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio (DPR) is 9.92%.

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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.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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