Boston Partners trimmed its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 41.0% during the first quarter, HoldingsChannel.com reports. The firm owned 38,858 shares of the financial services provider’s stock after selling 26,958 shares during the quarter. Boston Partners’ holdings in Jones Lang LaSalle were worth $5,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Jones Lang LaSalle by 47.9% during the 4th quarter. Bank of Montreal Can now owns 52,180 shares of the financial services provider’s stock worth $6,606,000 after purchasing an additional 16,892 shares during the period. Prudential Financial Inc. raised its stake in shares of Jones Lang LaSalle by 1.7% during the 4th quarter. Prudential Financial Inc. now owns 330,580 shares of the financial services provider’s stock worth $41,851,000 after purchasing an additional 5,591 shares during the period. Jane Street Group LLC bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $323,000. BlackRock Inc. raised its stake in shares of Jones Lang LaSalle by 0.8% during the 4th quarter. BlackRock Inc. now owns 4,752,900 shares of the financial services provider’s stock worth $601,717,000 after purchasing an additional 39,648 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Jones Lang LaSalle by 297.4% during the 4th quarter. Citigroup Inc. now owns 38,677 shares of the financial services provider’s stock worth $4,896,000 after purchasing an additional 28,945 shares during the period. Institutional investors own 91.74% of the company’s stock.
JLL has been the topic of a number of recent analyst reports. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Barclays reiterated a “buy” rating and set a $181.00 target price on shares of Jones Lang LaSalle in a research note on Tuesday, April 16th. Goldman Sachs Group upgraded Jones Lang LaSalle from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $183.00 to $206.00 in a research note on Friday, May 10th. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, JMP Securities reiterated a “hold” rating on shares of Jones Lang LaSalle in a research note on Sunday, February 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Hold” and a consensus target price of $177.83.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.20. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle Inc will post 11.65 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 17th will be issued a $0.43 dividend. The ex-dividend date is Thursday, May 16th. This represents a yield of 0.61%. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.41. Jones Lang LaSalle’s dividend payout ratio (DPR) is 6.69%.
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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, 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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