South Dakota Investment Council Has $4,636,000 Stake in Jones Lang LaSalle Incorporated (JLL)

South Dakota Investment Council continued to hold its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,600 shares of the financial services provider’s stock at the end of the first quarter. South Dakota Investment Council owned approximately 0.09% of Jones Lang LaSalle worth $4,636,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of Jones Lang LaSalle by 679.3% in the first quarter. IFP Advisors Inc now owns 904 shares of the financial services provider’s stock valued at $101,000 after buying an additional 788 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock valued at $122,000 after buying an additional 58 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $137,000. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Jones Lang LaSalle by 9.1% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $134,000 after buying an additional 100 shares during the period. Finally, Robecosam AG increased its stake in shares of Jones Lang LaSalle by 25.0% in the first quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after buying an additional 250 shares during the period. 88.83% of the stock is owned by hedge funds and other institutional investors.

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

Jones Lang LaSalle Incorporated (NYSE:JLL) traded down 0.72% during mid-day trading on Tuesday, reaching $119.32. The company’s stock had a trading volume of 56,030 shares. Jones Lang LaSalle Incorporated has a 12-month low of $86.62 and a 12-month high of $126.80. The firm has a market cap of $5.40 billion, a PE ratio of 17.93 and a beta of 1.76. The company has a 50-day moving average price of $116.85 and a 200-day moving average price of $109.76.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Friday, May 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.46 billion. Jones Lang LaSalle had a net margin of 4.28% and a return on equity of 12.44%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post $7.98 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which was paid on Thursday, June 15th. Investors of record on Monday, May 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 11th. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.33. This represents a yield of 0.57%. Jones Lang LaSalle’s payout ratio is currently 10.54%.

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Several analysts have recently commented on the company. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $120.00 price target on shares of Jones Lang LaSalle in a research report on Friday, June 9th. Barclays PLC increased their price target on Jones Lang LaSalle from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, June 9th. ValuEngine downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, JMP Securities increased their price target on Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Hold” and an average target price of $127.40.

In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director now directly owns 48,342 shares in the company, valued at $5,801,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

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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