Jones Lang LaSalle Incorporated (JLL) Shares Sold by Point View Wealth Management Inc.

Point View Wealth Management Inc. trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,298 shares of the financial services provider’s stock after selling 643 shares during the period. Point View Wealth Management Inc.’s holdings in Jones Lang LaSalle were worth $1,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JLL. Mckinley Capital Management LLC Delaware acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at $105,000. IFP Advisors Inc increased its holdings in shares of Jones Lang LaSalle by 0.7% during the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 6 shares during the period. Schroder Investment Management Group increased its holdings in shares of Jones Lang LaSalle by 406.9% during the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 883 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at $147,000. Finally, Commonwealth Bank of Australia increased its holdings in shares of Jones Lang LaSalle by 3.7% during the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 44 shares during the period. 91.14% of the stock is currently owned by institutional investors.

In related news, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG assumed coverage on Jones Lang LaSalle in a research note on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price for the company. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. Finally, ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Jones Lang LaSalle presently has a consensus rating of “Buy” and an average price target of $133.57.

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Shares of Jones Lang LaSalle Incorporated (NYSE JLL) traded down $2.16 during mid-day trading on Monday, reaching $150.87. The company had a trading volume of 420,500 shares, compared to its average volume of 293,569. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60. Jones Lang LaSalle Incorporated has a fifty-two week low of $97.60 and a fifty-two week high of $155.25. The company has a market capitalization of $6,844.43, a PE ratio of 18.44, a P/E/G ratio of 1.67 and a beta of 1.85.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the company posted $1.42 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.2% on a year-over-year basis. sell-side analysts expect that Jones Lang LaSalle Incorporated will post 8.23 EPS for the current year.

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

Jones Lang LaSalle Company 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.

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

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