Russell Investments Group Ltd. Increases Stake in Jones Lang LaSalle Inc (JLL)
Russell Investments Group Ltd. grew its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 39.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,013 shares of the financial services provider’s stock after purchasing an additional 7,361 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Jones Lang LaSalle worth $3,211,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in JLL. Mckinley Capital Management LLC Delaware bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $105,000. IFP Advisors Inc boosted its stake in shares of Jones Lang LaSalle by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 6 shares in the last quarter. Schroder Investment Management Group boosted its stake in 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 acquiring an additional 883 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Jones Lang LaSalle by 3.7% during the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 44 shares in the last quarter. Finally, Wayne Hummer Investments L.L.C. bought a new stake in Jones Lang LaSalle during the second quarter worth about $201,000. 91.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jones Lang LaSalle Inc (NYSE JLL) opened at $148.48 on Monday. 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 company has a market cap of $6,735.94, a PE 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 (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.41. The business had revenue of $1.95 billion during 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 business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 earnings per share. analysts expect that Jones Lang LaSalle Inc will post 8.41 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 16th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a yield of 0.52%. Jones Lang LaSalle’s payout ratio is 9.92%.
Several research firms recently commented on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Tuesday, October 3rd. Royal Bank of Canada lowered shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Finally, ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Jones Lang LaSalle currently has a consensus rating of “Buy” and an average target price of $133.57.
In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of Jones Lang LaSalle stock in a transaction dated 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 transaction, the director now directly owns 35 shares of the company’s stock, valued at $5,226.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, November 14th. The stock was 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 directly owns 4,489 shares of the company’s stock, valued at $661,768.38. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.
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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.
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