Bank of New York Mellon Corp trimmed its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 554,579 shares of the financial services provider’s stock after selling 36,129 shares during the period. Bank of New York Mellon Corp owned about 1.22% of Jones Lang LaSalle worth $92,055,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Jones Lang LaSalle during the second quarter worth about $183,000. IFM Investors Pty Ltd acquired a new stake in Jones Lang LaSalle during the second quarter worth about $206,000. Eqis Capital Management Inc. acquired a new stake in Jones Lang LaSalle during the second quarter worth about $207,000. Manning & Napier Group LLC acquired a new stake in Jones Lang LaSalle during the second quarter worth about $215,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Jones Lang LaSalle during the second quarter worth about $244,000. 94.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JLL opened at $140.02 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.92 and a debt-to-equity ratio of 0.25. Jones Lang LaSalle Inc has a 12 month low of $127.02 and a 12 month high of $178.75. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.56.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $3.02 EPS for the quarter, beating the consensus estimate of $2.31 by $0.71. Jones Lang LaSalle had a return on equity of 14.87% and a net margin of 2.59%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company earned $1.96 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts anticipate that Jones Lang LaSalle Inc will post 10.25 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be issued a $0.41 dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s payout ratio is currently 8.95%.
In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $154.94, for a total value of $30,988.00. Following the sale, the chief executive officer now directly owns 1,341 shares of the company’s stock, valued at $207,774.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by company insiders.
Several analysts recently commented on the company. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $179.17.
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Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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