WCM Investment Management CA Boosts Position in Jones Lang LaSalle Incorporated (JLL)

WCM Investment Management CA boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,125 shares of the financial services provider’s stock after acquiring an additional 675 shares during the quarter. WCM Investment Management CA’s holdings in Jones Lang LaSalle were worth $1,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Jones Lang LaSalle by 2.4% during the second quarter. Vanguard Group Inc. now owns 3,800,003 shares of the financial services provider’s stock valued at $475,000,000 after acquiring an additional 89,697 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in Jones Lang LaSalle by 18.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock valued at $183,497,000 after acquiring an additional 229,831 shares during the last quarter. TCW Group Inc. increased its position 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 acquiring an additional 28,263 shares during the last quarter. Janus Henderson Group PLC increased its position in 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 last quarter. Finally, Platinum Investment Management Ltd. increased its position in Jones Lang LaSalle by 109.0% in the second quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock worth $79,326,000 after buying an additional 330,913 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Jones Lang LaSalle Incorporated (NYSE:JLL) traded up $1.95 during trading hours on Wednesday, hitting $150.11. The stock had a trading volume of 266,600 shares, compared to its average volume of 291,275. The company has a market cap of $6,721.49, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.64 and a beta of 1.85. Jones Lang LaSalle Incorporated has a 1-year low of $95.79 and a 1-year high of $151.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60.

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

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be issued a $0.37 dividend. This represents a dividend yield of 0.52%. This is an increase 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 is presently 9.38%.

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A number of brokerages have commented on JLL. Royal Bank Of Canada cut Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Tuesday, October 3rd. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus 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.

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

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