GAM Holding AG lessened its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 42.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,454 shares of the financial services provider’s stock after selling 5,399 shares during the quarter. GAM Holding AG’s holdings in Jones Lang LaSalle were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of JLL. Pinnacle Financial Partners Inc. purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $125,000. Cornerstone Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth about $172,000. Itau Unibanco Holding S.A. purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth about $183,000. CHICAGO TRUST Co NA purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $202,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth about $207,000. 94.15% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:JLL opened at $133.40 on Friday. Jones Lang LaSalle Inc has a fifty-two week low of $127.02 and a fifty-two week high of $178.75. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.58.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. Jones Lang LaSalle’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts forecast that Jones Lang LaSalle Inc will post 10.81 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be given a $0.41 dividend. This represents a yield of 0.56%. The ex-dividend date is Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio (DPR) is 8.95%.
JLL has been the subject of several recent analyst reports. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. ValuEngine raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, Barclays boosted their target price on Jones Lang LaSalle from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, November 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $172.00.
Jones Lang LaSalle 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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