NumerixS Investment Technologies Inc Acquires New Position in Jones Lang LaSalle Inc (NYSE:JLL)

NumerixS Investment Technologies Inc acquired a new position in Jones Lang LaSalle Inc (NYSE:JLL) in the first quarter, Holdings Channel reports. The fund acquired 1,400 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other large investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of Jones Lang LaSalle by 15,162.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 6,303,240 shares in the last quarter. Vanguard Group Inc increased its position in shares of Jones Lang LaSalle by 6.6% during the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after purchasing an additional 432,487 shares in the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth $51,273,000. APG Asset Management N.V. increased its position in shares of Jones Lang LaSalle by 29.7% during the fourth quarter. APG Asset Management N.V. now owns 963,400 shares of the financial services provider’s stock worth $106,693,000 after purchasing an additional 220,600 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Jones Lang LaSalle by 136.5% during the fourth quarter. Van ECK Associates Corp now owns 327,888 shares of the financial services provider’s stock worth $41,511,000 after purchasing an additional 189,218 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

JLL has been the topic of a number of recent analyst reports. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Barclays reaffirmed a “buy” rating and set a $181.00 price target on shares of Jones Lang LaSalle in a research report on Tuesday, April 16th. Goldman Sachs Group raised Jones Lang LaSalle from a “neutral” rating to a “buy” rating and upped their price target for the stock from $183.00 to $206.00 in a research report on Friday, May 10th. Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, JMP Securities reaffirmed a “hold” rating on shares of Jones Lang LaSalle in a research report on Sunday, February 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $177.83.

Shares of JLL stock traded down $0.67 during trading hours on Wednesday, reaching $132.76. 3,286 shares of the company’s stock were exchanged, compared to its average volume of 313,890. The company has a market cap of $6.03 billion, a PE ratio of 10.85, a PEG ratio of 1.26 and a beta of 1.73. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. Jones Lang LaSalle Inc has a fifty-two week low of $119.79 and a fifty-two week high of $174.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.20. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. Jones Lang LaSalle had a net margin of 2.81% and a return on equity of 15.36%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle Inc will post 11.65 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.41. This represents a dividend yield of 0.61%. Jones Lang LaSalle’s payout ratio is 7.02%.

ILLEGAL ACTIVITY NOTICE: “NumerixS Investment Technologies Inc Acquires New Position in Jones Lang LaSalle Inc (NYSE:JLL)” was originally published by WKRB News and is the property of of WKRB News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.wkrb13.com/2019/06/12/numerixs-investment-technologies-inc-acquires-new-position-in-jones-lang-lasalle-inc-nysejll.html.

About Jones Lang LaSalle

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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

Featured Story: Investing in Blue-Chip Stocks

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).

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

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.