Jones Lang LaSalle Inc (NYSE:JLL) Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $115.44, for a total transaction of $115,440.00. Following the transaction, the director now directly owns 48,847 shares in the company, valued at $5,638,897.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Jones Lang LaSalle Inc (NYSE:JLL) traded down 1.75% during trading on Wednesday, reaching $111.32. 454,877 shares of the company traded hands. Jones Lang LaSalle Inc has a 52 week low of $86.62 and a 52 week high of $126.80. The firm’s 50 day moving average price is $111.55 and its 200-day moving average price is $106.40. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 16.73 and a beta of 1.67.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Friday, May 5th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. Jones Lang LaSalle had a net margin of 4.68% and a return on equity of 13.14%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle Inc will post $7.99 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, May 15th will be given a $0.35 dividend. The ex-dividend date is Thursday, May 11th. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.33. This represents a dividend yield of 0.57%. Jones Lang LaSalle’s dividend payout ratio is currently 9.48%.

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Several large investors have recently made changes to their positions in JLL. BlackRock Inc. increased its stake in shares of Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock worth $484,647,000 after buying an additional 4,195,662 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Jones Lang LaSalle by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,710,306 shares of the financial services provider’s stock worth $413,513,000 after buying an additional 150,310 shares in the last quarter. Generation Investment Management LLP increased its stake in shares of Jones Lang LaSalle by 26.0% in the third quarter. Generation Investment Management LLP now owns 2,787,972 shares of the financial services provider’s stock worth $317,243,000 after buying an additional 575,246 shares in the last quarter. State Street Corp increased its stake in shares of Jones Lang LaSalle by 3.2% in the first quarter. State Street Corp now owns 1,441,208 shares of the financial services provider’s stock worth $160,620,000 after buying an additional 44,110 shares in the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of Jones Lang LaSalle by 10.4% in the fourth quarter. Janus Capital Management LLC now owns 1,315,869 shares of the financial services provider’s stock worth $132,984,000 after buying an additional 123,924 shares in the last quarter. 89.27% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on JLL shares. Barclays PLC reaffirmed an “overweight” rating and set a $119.00 target price (down from $125.00) on shares of Jones Lang LaSalle in a research report on Monday, January 23rd. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Thursday, February 9th. William Blair raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating in a report on Friday, March 24th. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of Jones Lang LaSalle in a report on Monday, April 17th. Finally, JMP Securities lifted their price objective on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $126.83.

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.

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