Greenleaf Trust purchased a new position in shares of Jones Lang LaSalle Inc (NYSE:JLL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,600 shares of the financial services provider’s stock, valued at approximately $401,000.
Several other institutional investors and hedge funds have also made changes to their positions in JLL. JOYN Advisors Inc. increased its stake in shares of Jones Lang LaSalle by 1,328.6% during the 4th quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at $35,000. Parallel Advisors LLC grew its stake in Jones Lang LaSalle by 62.2% in the 1st quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock valued at $36,000 after buying an additional 89 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Jones Lang LaSalle in the 1st quarter valued at $39,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Jones Lang LaSalle by 15,162.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock valued at $50,000 after buying an additional 6,303,240 shares during the last quarter. Institutional investors own 91.20% of the company’s stock.
Shares of JLL stock opened at $129.63 on Friday. Jones Lang LaSalle Inc has a 12-month low of $119.79 and a 12-month high of $174.42. The stock has a market cap of $5.96 billion, a P/E ratio of 10.58, a PEG ratio of 1.26 and a beta of 1.65. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.45.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 17th will be given a $0.43 dividend. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.41. Jones Lang LaSalle’s dividend payout ratio (DPR) is presently 7.02%.
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Bank of America reissued an “underperform” rating and set a $150.00 price target (up from $133.00) on shares of Jones Lang LaSalle in a report on Wednesday, February 13th. Raymond James lifted their price target on shares of Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a report on Tuesday, February 12th. Finally, JMP Securities reissued a “hold” rating on shares of Jones Lang LaSalle in a report on Sunday, February 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Hold” and a consensus price target of $177.83.
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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