Jones Lang LaSalle Incorporated (JLL) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 25.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,346 shares of the financial services provider’s stock after selling 820 shares during the period. Advisors Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $290,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Jones Lang LaSalle in the second quarter valued at approximately $263,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Jones Lang LaSalle during the second quarter worth $105,000. IFP Advisors Inc lifted its holdings in shares of Jones Lang LaSalle by 0.7% during the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 6 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Jones Lang LaSalle by 406.9% during the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Jones Lang LaSalle during the second quarter worth $147,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.
In related news, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total transaction of $989,630.46. Following the completion of the transaction, the chief executive officer now owns 4,489 shares of the company’s stock, valued at $661,768.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by company insiders.
Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) traded down $2.76 during midday trading on Thursday, reaching $149.45. 441,000 shares of the company were exchanged, compared to its average volume of 297,187. Jones Lang LaSalle Incorporated has a fifty-two week low of $97.60 and a fifty-two week high of $155.25. The company has a market capitalization of $6,780.00, a P/E ratio of 18.61, a PEG ratio of 1.67 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60.
Jones Lang LaSalle (NYSE:JLL) last announced 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. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $1.42 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 14.2% on a year-over-year basis. analysts anticipate that Jones Lang LaSalle Incorporated will post 8.31 earnings per share for the current year.
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be paid a dividend of $0.37 per share. This represents a yield of 0.52%. The ex-dividend date of this dividend 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%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada lowered shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $133.57.
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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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