Janus Henderson Group PLC Has $79.19 Million Stake in Jones Lang LaSalle Inc (JLL)
Janus Henderson Group PLC reduced its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,206 shares of the financial services provider’s stock after selling 439 shares during the period. Janus Henderson Group PLC owned approximately 1.41% of Jones Lang LaSalle worth $79,189,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vident Investment Advisory LLC acquired a new position in Jones Lang LaSalle during the third quarter valued at approximately $2,452,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Jones Lang LaSalle during the third quarter valued at approximately $883,000. Magnetar Financial LLC acquired a new position in Jones Lang LaSalle during the third quarter valued at approximately $233,000. Royce & Associates LP raised its position in Jones Lang LaSalle by 4.3% during the third quarter. Royce & Associates LP now owns 202,484 shares of the financial services provider’s stock valued at $25,007,000 after purchasing an additional 8,344 shares in the last quarter. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new position in Jones Lang LaSalle during the third quarter valued at approximately $4,184,000. Institutional investors and hedge funds own 91.17% of the company’s stock.
Several brokerages have commented on JLL. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Tuesday, October 3rd. Royal Bank of Canada downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Finally, ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report 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. The stock currently has a consensus rating of “Buy” and an average target price of $133.57.
Shares of Jones Lang LaSalle Inc (JLL) opened at $148.48 on Friday. The firm has a market cap of $6,599.91, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.59 and a beta of 1.91. Jones Lang LaSalle Inc has a one year low of $97.60 and a one year high of $155.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.41. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. sell-side analysts expect that Jones Lang LaSalle Inc will post 8.31 EPS for the current year.
The business also recently announced a Semi-Annual dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.37 per share. This represents a dividend yield of 0.52%. The ex-dividend date was Wednesday, November 15th. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s payout ratio is presently 9.92%.
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Jones Lang LaSalle 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.
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