Jones Lang LaSalle Incorporated (JLL) Sets New 1-Year High at $148.46

Jones Lang LaSalle Incorporated (NYSE:JLL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $148.46 and last traded at $145.76, with a volume of 237200 shares changing hands. The stock had previously closed at $145.25.

JLL has been the subject of a number of analyst reports. Barclays PLC lifted their price objective on Jones Lang LaSalle from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised 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. Royal Bank Of Canada cut Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Finally, BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $133.57.

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 capitalization of $6,721.49, a price-to-earnings ratio of 18.11, a PEG ratio of 1.64 and a beta of 1.85.

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

The company also recently disclosed 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 represents a yield of 0.52%. 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. Jones Lang LaSalle’s dividend payout ratio (DPR) is presently 9.38%.

A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 6 shares during the period. New Amsterdam Partners LLC NY increased its position in Jones Lang LaSalle by 0.7% in the second quarter. New Amsterdam Partners LLC NY now owns 3,452 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 24 shares during the period. World Asset Management Inc increased its position in Jones Lang LaSalle by 1.2% in the second quarter. World Asset Management Inc now owns 3,080 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 36 shares during the period. Commonwealth Bank of Australia increased its position in Jones Lang LaSalle by 3.7% in the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 44 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Jones Lang LaSalle by 3.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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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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