Timber Hill LLC Invests $237,000 in Jones Lang LaSalle Incorporated (JLL) Stock

Timber Hill LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,917 shares of the financial services provider’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its holdings in Jones Lang LaSalle by 54.9% in the 2nd quarter. Prudential Financial Inc. now owns 227,579 shares of the financial services provider’s stock worth $28,448,000 after buying an additional 80,617 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Jones Lang LaSalle by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock valued at $20,280,000 after purchasing an additional 9,944 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Jones Lang LaSalle in the 2nd quarter valued at $2,325,000. Principal Financial Group Inc. boosted its holdings in Jones Lang LaSalle by 3.2% in the 2nd quarter. Principal Financial Group Inc. now owns 190,343 shares of the financial services provider’s stock valued at $23,793,000 after purchasing an additional 5,902 shares during the period. Finally, Pegasus Partners Ltd. bought a new position in Jones Lang LaSalle in the 2nd quarter valued at $4,369,000. 90.31% of the stock is owned by institutional investors.

Jones Lang LaSalle Incorporated (NYSE:JLL) traded down $2.04 during trading on Friday, hitting $150.87. 420,576 shares of the stock traded hands, compared to its average volume of 291,469. 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 stock has a market cap of $6,840.00, a PE ratio of 18.35, a P/E/G ratio of 1.66 and a beta of 1.84. Jones Lang LaSalle Incorporated has a 12-month low of $97.60 and a 12-month high of $155.25.

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

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, November 15th. This represents a dividend yield of 0.52%. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s dividend payout ratio (DPR) is 9.92%.

In other news, CEO Jeff A. Jacobson sold 6,713 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total transaction of $989,630.46. Following the sale, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

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JLL has been the subject of several analyst reports. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Royal Bank Of Canada downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Tuesday, October 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $132.00 price target on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $133.57.

About Jones Lang LaSalle

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.

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

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