KBC Group NV boosted its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,912 shares of the financial services provider’s stock after purchasing an additional 2,984 shares during the quarter. KBC Group NV owned approximately 0.10% of Jones Lang LaSalle worth $5,546,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of JLL. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $263,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $105,000. IFP Advisors Inc increased its holdings in shares of Jones Lang LaSalle by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 6 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Jones Lang LaSalle by 406.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 883 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $147,000. Institutional investors own 90.58% of the company’s stock.
Shares of Jones Lang LaSalle Inc (JLL) traded down $1.70 on Friday, reaching $148.93. The company had a trading volume of 155,385 shares, compared to its average volume of 292,808. The company has a market cap of $6,833.54, a P/E ratio of 19.96, a P/E/G ratio of 1.63 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. Jones Lang LaSalle Inc has a 52-week low of $97.60 and a 52-week high of $155.25.
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 16th were paid a dividend of $0.37 per share. This is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a yield of 0.52%. The ex-dividend date was Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio is presently 9.92%.
In related news, CEO Jeff A. Jacobson sold 6,713 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 4,489 shares in the company, valued at approximately $661,768.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the transaction, the director now owns 35 shares of the company’s stock, valued at approximately $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 brokerages have recently weighed in on JLL. Royal Bank of Canada downgraded Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded 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. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $133.57.
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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