Jones Lang LaSalle Inc. (JLL) Hits New 12-Month Low at $90.07
Jones Lang LaSalle Inc. (NYSE:JLL) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $90.07 and last traded at $92.19, with a volume of 575,951 shares changing hands. The stock had previously closed at $92.52.
JLL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Keefe, Bruyette & Woods initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, May 16th. They issued an “outperform” rating and a $131.00 price objective on the stock. Goldman Sachs Group Inc. raised shares of Jones Lang LaSalle from a “neutral” rating to a “buy” rating and set a $141.00 price objective on the stock in a research report on Friday, May 20th. JMP Securities reaffirmed a “buy” rating on shares of Jones Lang LaSalle in a research report on Wednesday, June 8th. Finally, Barclays PLC cut their price objective on shares of Jones Lang LaSalle from $141.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, May 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Jones Lang LaSalle presently has a consensus rating of “Buy” and an average price target of $158.00.
The company has a market cap of $4.13 billion and a P/E ratio of 9.86. The firm has a 50 day moving average of $111.14 and a 200-day moving average of $119.57.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, April 27th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. The company earned $1.34 billion during the quarter, compared to analyst estimates of $1.21 billion. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. On average, analysts expect that Jones Lang LaSalle Inc. will post $9.69 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 13th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, May 11th. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.29. This represents a dividend yield of 0.5%.
In other Jones Lang LaSalle news, Director Piazza Samuel A. Jr. Di purchased 2,200 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average price of $112.00 per share, with a total value of $246,400.00. Following the completion of the transaction, the director now owns 2,763 shares of the company’s stock, valued at $309,456. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Other hedge funds have modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Jones Lang LaSalle by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,259,561 shares of the company’s stock valued at $521,073,000 after buying an additional 17,333 shares in the last quarter. Swiss National Bank boosted its stake in shares of Jones Lang LaSalle by 1.5% in the fourth quarter. Swiss National Bank now owns 81,300 shares of the company’s stock valued at $12,997,000 after buying an additional 1,200 shares in the last quarter. Strategic Global Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 27.9% in the fourth quarter. Strategic Global Advisors LLC now owns 24,673 shares of the company’s stock valued at $3,944,000 after buying an additional 5,381 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Jones Lang LaSalle by 39.2% in the fourth quarter. Shell Asset Management Co. now owns 25,023 shares of the company’s stock valued at $4,000,000 after buying an additional 7,048 shares in the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $1,067,000.
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments. JLL provides real estate services through three business segments: the Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific.
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