Atlanta Capital Management Co. L L C increased its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,402,773 shares of the financial services provider’s stock after acquiring an additional 2,375 shares during the period. Atlanta Capital Management Co. L L C owned approximately 3.08% of Jones Lang LaSalle worth $202,448,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC purchased a new position in Jones Lang LaSalle in the second quarter valued at about $172,000. Unigestion Holding SA purchased a new position in Jones Lang LaSalle in the second quarter valued at about $1,819,000. BNP Paribas Arbitrage SA boosted its holdings in Jones Lang LaSalle by 67.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,301 shares of the financial services provider’s stock valued at $2,540,000 after purchasing an additional 6,166 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in Jones Lang LaSalle in the second quarter valued at about $207,000. Finally, First Quadrant L P CA boosted its holdings in Jones Lang LaSalle by 147,894.7% in the second quarter. First Quadrant L P CA now owns 112,476 shares of the financial services provider’s stock valued at $18,670,000 after purchasing an additional 112,400 shares during the last quarter. 94.36% of the stock is currently owned by institutional investors and hedge funds.
NYSE:JLL opened at $139.76 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 1.89. Jones Lang LaSalle Inc has a 52 week low of $127.02 and a 52 week high of $178.75. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.18 and a beta of 1.56.
The company also recently announced a semiannual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.41 per share. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio is presently 8.95%.
JLL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. ValuEngine downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Barclays increased their target price on Jones Lang LaSalle from $165.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, November 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $172.00.
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Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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