Jones Lang LaSalle (JLL) Announces Earnings Results

Jones Lang LaSalle (NYSE:JLL) posted its earnings results on Wednesday. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.70, Bloomberg Earnings reports. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.29 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. Jones Lang LaSalle’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.95 EPS.

Jones Lang LaSalle (NYSE JLL) traded up $2.64 during mid-day trading on Wednesday, reaching $149.18. 108,741 shares of the company traded hands, compared to its average volume of 226,290. Jones Lang LaSalle has a fifty-two week low of $101.83 and a fifty-two week high of $158.82. The firm has a market capitalization of $6,626.22, a price-to-earnings ratio of 19.64, a PEG ratio of 1.40 and a beta of 1.85. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35.

A number of research firms have issued reports on JLL. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays boosted their target price on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Raymond James Financial began coverage on shares of Jones Lang LaSalle in a research note on Tuesday. They set an “outperform” rating and a $175.00 target price for the company. Finally, Royal Bank of Canada lowered shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $146.00.

In related news, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at $661,768.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the sale, the director now directly owns 35 shares of the company’s stock, valued at $5,226.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. TCW Group Inc. lifted its stake in Jones Lang LaSalle by 3.3% during the third quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock valued at $110,545,000 after purchasing an additional 28,263 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Jones Lang LaSalle by 14,443.2% during the second quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock valued at $80,206,000 after acquiring an additional 637,233 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 628,395 shares of the financial services provider’s stock valued at $77,608,000 after acquiring an additional 55,020 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Jones Lang LaSalle by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock valued at $75,070,000 after acquiring an additional 12,871 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Jones Lang LaSalle by 0.3% during the third quarter. New York State Common Retirement Fund now owns 596,435 shares of the financial services provider’s stock valued at $73,660,000 after acquiring an additional 1,597 shares during the period. 90.58% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for Jones Lang LaSalle (NYSE:JLL)

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