Triodos Investment Management BV grew its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,120 shares of the financial services provider’s stock after acquiring an additional 1,020 shares during the quarter. Jones Lang LaSalle comprises approximately 3.5% of Triodos Investment Management BV’s portfolio, making the stock its 13th biggest position. Triodos Investment Management BV owned approximately 0.19% of Jones Lang LaSalle worth $13,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of JLL. BlackRock Inc. grew its holdings in shares of Jones Lang LaSalle by 1.5% in the 2nd quarter. BlackRock Inc. now owns 4,927,254 shares of the financial services provider’s stock worth $693,216,000 after acquiring an additional 72,862 shares during the period. Atlanta Capital Management Co. L L C raised its position in shares of Jones Lang LaSalle by 1.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,415,199 shares of the financial services provider’s stock worth $199,104,000 after buying an additional 16,627 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Jones Lang LaSalle by 3.2% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 845,097 shares of the financial services provider’s stock worth $118,897,000 after buying an additional 26,343 shares during the period. Northern Trust Corp raised its position in shares of Jones Lang LaSalle by 2.9% in the 2nd quarter. Northern Trust Corp now owns 641,073 shares of the financial services provider’s stock worth $90,192,000 after buying an additional 18,247 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Jones Lang LaSalle by 7.8% in the 2nd quarter. Janus Henderson Group PLC now owns 520,472 shares of the financial services provider’s stock worth $73,225,000 after buying an additional 37,875 shares during the period. Hedge funds and other institutional investors own 82.72% of the company’s stock.
NYSE:JLL traded down $0.24 during mid-day trading on Friday, hitting $161.64. The company had a trading volume of 318,545 shares, compared to its average volume of 330,327. The business has a fifty day simple moving average of $142.47 and a 200-day simple moving average of $139.43. The company has a current ratio of 2.05, a quick ratio of 1.95 and a debt-to-equity ratio of 0.49. Jones Lang LaSalle Inc has a 1 year low of $119.79 and a 1 year high of $173.32. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.48 and a beta of 1.74.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $3.52 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.79. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.45 billion. Jones Lang LaSalle had a return on equity of 15.64% and a net margin of 2.64%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $3.02 earnings per share. As a group, research analysts anticipate that Jones Lang LaSalle Inc will post 12.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Jones Lang LaSalle’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 1.06%. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 7.02%.
Jones Lang LaSalle announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 5th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages recently weighed in on JLL. JPMorgan Chase & Co. began coverage on Jones Lang LaSalle in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price on the stock. Barclays set a $179.00 price objective on Jones Lang LaSalle and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, UBS Group raised their price objective on Jones Lang LaSalle from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $174.47.
About Jones Lang LaSalle
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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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