Jones Lang LaSalle Incorporated (JLL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 84.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,400 shares of the financial services provider’s stock after purchasing an additional 7,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jones Lang LaSalle were worth $2,025,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Jones Lang LaSalle by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,800,003 shares of the financial services provider’s stock worth $475,000,000 after buying an additional 89,697 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of Jones Lang LaSalle by 18.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock worth $183,497,000 after buying an additional 229,831 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Jones Lang LaSalle by 3.3% in the 3rd quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock worth $110,545,000 after buying an additional 28,263 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Jones Lang LaSalle by 14,443.2% in the 2nd quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock worth $80,206,000 after buying an additional 637,233 shares during the last quarter. Finally, Platinum Investment Management Ltd. boosted its stake in shares of Jones Lang LaSalle by 109.0% in the 2nd quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock worth $79,326,000 after buying an additional 330,913 shares during the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on JLL shares. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada downgraded Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $133.57.

Jones Lang LaSalle Incorporated (NYSE:JLL) traded down $0.43 during midday trading on Friday, reaching $152.06. The company had a trading volume of 238,346 shares, compared to its average volume of 375,399. The stock has a market capitalization of $6,917.93, a P/E ratio of 18.64, a PEG ratio of 1.68 and a beta of 1.90. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.35. 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 released its earnings results 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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. Jones Lang LaSalle’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 8.23 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors 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 is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a yield of 0.52%. Jones Lang LaSalle’s payout ratio is 9.92%.

In related news, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares in the company, valued at $661,768.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by insiders.

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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.

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

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