Great West Life Assurance Co. Can cut its position in Jones Lang LaSalle Inc (NYSE:JLL) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,265 shares of the financial services provider’s stock after selling 650 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Jones Lang LaSalle were worth $9,283,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of JLL. Pictet Asset Management Ltd. increased its position in shares of Jones Lang LaSalle by 9.2% in the third quarter. Pictet Asset Management Ltd. now owns 17,872 shares of the financial services provider’s stock worth $2,579,000 after acquiring an additional 1,500 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Jones Lang LaSalle in the third quarter worth approximately $1,992,000. DekaBank Deutsche Girozentrale increased its position in shares of Jones Lang LaSalle by 48.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 54,257 shares of the financial services provider’s stock worth $8,340,000 after acquiring an additional 17,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Jones Lang LaSalle by 272.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,248 shares of the financial services provider’s stock worth $5,231,000 after acquiring an additional 26,526 shares in the last quarter. Finally, FMR LLC increased its position in shares of Jones Lang LaSalle by 55.9% in the third quarter. FMR LLC now owns 496,364 shares of the financial services provider’s stock worth $71,635,000 after acquiring an additional 177,922 shares in the last quarter. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, Barclays lifted their target price on shares of 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 assigned a buy rating to the company’s stock. Jones Lang LaSalle presently has an average rating of “Buy” and a consensus target price of $172.00.
Shares of JLL opened at $133.40 on Friday. Jones Lang LaSalle Inc has a 52 week low of $127.02 and a 52 week high of $178.75. The company has a market cap of $6.30 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.16 and a beta of 1.58. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $3.02 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.71. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts predict that Jones Lang LaSalle Inc will post 10.81 EPS for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be given a dividend of $0.41 per share. This represents a yield of 0.56%. The ex-dividend date is Thursday, November 15th. Jones Lang LaSalle’s payout ratio is presently 8.95%.
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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