Meiji Yasuda Asset Management Co Ltd. Continues to Hold Stake in Jones Lang LaSalle Inc (JLL)

Meiji Yasuda Asset Management Co Ltd. continued to hold its position in Jones Lang LaSalle Inc (NYSE:JLL) during the first quarter, Holdings Channel reports. The fund owned 3,290 shares of the financial services provider’s stock at the end of the first quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Jones Lang LaSalle were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in 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 last quarter. Mn Services Vermogensbeheer B.V. boosted its position in 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 last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in 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 last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Jones Lang LaSalle during the third quarter valued at about $137,000. Finally, Robecosam AG boosted its position in 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 last quarter. Hedge funds and other institutional investors own 89.27% of the company’s stock.

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

Shares of Jones Lang LaSalle Inc (NYSE:JLL) traded up 2.11% on Friday, hitting $120.43. The stock had a trading volume of 365,470 shares. Jones Lang LaSalle Inc has a 12-month low of $86.62 and a 12-month high of $126.80. The company’s 50-day moving average price is $115.29 and its 200 day moving average price is $108.71. The firm has a market cap of $5.45 billion, a P/E ratio of 18.10 and a beta of 1.67.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Friday, May 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. Jones Lang LaSalle had a return on equity of 13.14% and a net margin of 4.68%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities research analysts forecast that Jones Lang LaSalle Inc will post $7.99 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be paid a $0.35 dividend. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, May 11th. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.33. Jones Lang LaSalle’s payout ratio is currently 9.48%.

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Several research analysts have issued reports on the company. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Thursday, February 9th. William Blair upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating in a research report on Friday, March 24th. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Jones Lang LaSalle in a research report on Monday, April 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $120.00 price objective on shares of Jones Lang LaSalle in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $127.40.

In other news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $115.44, for a total value of $115,440.00. Following the sale, the director now owns 48,847 shares of the company’s stock, valued at approximately $5,638,897.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JLL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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