Dynamic Technology Lab Private Ltd Purchases Shares of 8,378 Jones Lang LaSalle Incorporated (JLL)
Dynamic Technology Lab Private Ltd purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,378 shares of the financial services provider’s stock, valued at approximately $1,035,000.
Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in Jones Lang LaSalle by 6.1% during the 1st quarter. Teachers Advisors LLC now owns 64,090 shares of the financial services provider’s stock worth $7,143,000 after buying an additional 3,657 shares during the period. AQR Capital Management LLC increased its stake in Jones Lang LaSalle by 41.6% during the 1st quarter. AQR Capital Management LLC now owns 10,957 shares of the financial services provider’s stock worth $1,221,000 after buying an additional 3,221 shares during the period. Capstone Asset Management Co. increased its stake in Jones Lang LaSalle by 7.6% during the 2nd quarter. Capstone Asset Management Co. now owns 5,501 shares of the financial services provider’s stock worth $688,000 after buying an additional 390 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $1,068,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Jones Lang LaSalle by 523.8% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 7,311 shares of the financial services provider’s stock worth $914,000 after buying an additional 6,139 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the transaction, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.
Shares of Jones Lang LaSalle Incorporated (NYSE JLL) traded down $0.27 during trading on Wednesday, reaching $150.23. 556,200 shares of the company’s stock were exchanged, compared to its average volume of 295,072. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $6,827.65, a P/E ratio of 18.40, a P/E/G ratio of 1.66 and a beta of 1.85. Jones Lang LaSalle Incorporated has a 52 week low of $97.60 and a 52 week high of $155.25.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.41. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.83 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 EPS. equities analysts anticipate that Jones Lang LaSalle Incorporated will post 8.23 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be issued a $0.37 dividend. This represents a dividend yield of 0.52%. The ex-dividend date is Wednesday, November 15th. This is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 9.92%.
Several research firms have commented on JLL. BidaskClub cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price for the company. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $132.00 target price on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $133.57.
TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/dynamic-technology-lab-private-ltd-purchases-shares-of-8378-jones-lang-lasalle-incorporated-jll/1719718.html.
About Jones Lang LaSalle
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.
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL).
Receive News & Ratings for Jones Lang LaSalle Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.