State of Wisconsin Investment Board Increases Holdings in Jones Lang LaSalle Incorporated (JLL)

State of Wisconsin Investment Board lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,081 shares of the financial services provider’s stock after buying an additional 4,510 shares during the quarter. State of Wisconsin Investment Board owned about 0.30% of Jones Lang LaSalle worth $17,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of JLL. Vanguard Group Inc. raised its stake in Jones Lang LaSalle by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,800,003 shares of the financial services provider’s stock valued at $475,000,000 after purchasing an additional 89,697 shares during the period. Atlanta Capital Management Co. L L C raised its stake in Jones Lang LaSalle by 18.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock valued at $183,497,000 after purchasing an additional 229,831 shares during the period. Janus Henderson Group PLC raised its stake in Jones Lang LaSalle by 14,443.2% during the 2nd quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock valued at $80,206,000 after purchasing an additional 637,233 shares during the period. Platinum Investment Management Ltd. raised its stake in Jones Lang LaSalle by 109.0% during the 2nd quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock valued at $79,326,000 after purchasing an additional 330,913 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in Jones Lang LaSalle by 4.4% during the 2nd quarter. William Blair Investment Management LLC now owns 605,765 shares of the financial services provider’s stock valued at $75,721,000 after buying an additional 25,387 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/11/13/state-of-wisconsin-investment-board-increases-holdings-in-jones-lang-lasalle-incorporated-jll.html.

Several equities analysts have weighed in on JLL shares. Barclays PLC raised their price target on Jones Lang LaSalle from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. UBS AG initiated coverage on Jones Lang LaSalle in a report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price for the company. BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $132.00 target price on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $133.57.

In related news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total value of $123,070.00. Following the completion of the transaction, the director now owns 46,417 shares of the company’s stock, valued at approximately $5,712,540.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (JLL) opened at $145.76 on Monday. Jones Lang LaSalle Incorporated has a one year low of $92.26 and a one year high of $146.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $6,612.61, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.41. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. equities research analysts forecast that Jones Lang LaSalle Incorporated will post 8.23 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be issued a $0.37 dividend. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. The ex-dividend date is Wednesday, November 15th. This represents a yield of 0.52%. Jones Lang LaSalle’s dividend payout ratio is presently 9.38%.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL).

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply