Magnus Financial Group LLC grew its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 4.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,203 shares of the financial services provider’s stock after purchasing an additional 91 shares during the period. Magnus Financial Group LLC’s holdings in Jones Lang LaSalle were worth $340,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JLL. Oregon Public Employees Retirement Fund increased its stake in shares of Jones Lang LaSalle by 15,162.2% during the 4th 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 during the last quarter. Vanguard Group Inc increased its stake in shares of Jones Lang LaSalle by 6.6% during the 3rd 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 during the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $51,273,000. APG Asset Management N.V. increased its stake in shares of Jones Lang LaSalle by 29.7% during the 4th 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 during the last quarter. Finally, Van ECK Associates Corp grew its stake in Jones Lang LaSalle by 136.5% in the 4th quarter. Van ECK Associates Corp now owns 327,888 shares of the financial services provider’s stock valued at $41,511,000 after buying an additional 189,218 shares during the last quarter. 91.20% of the stock is currently owned by hedge funds and other institutional investors.

JLL has been the topic of a number of research reports. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Bank of America reiterated an “underperform” rating and issued a $150.00 price target (up previously from $133.00) on shares of Jones Lang LaSalle in a research note on Wednesday, February 13th. Raymond James upped their price target on shares of Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, February 12th. Finally, JMP Securities reiterated a “hold” rating on shares of Jones Lang LaSalle in a research note on Sunday, February 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $177.83.

JLL traded up $3.11 on Friday, reaching $132.74. The company had a trading volume of 404,709 shares, compared to its average volume of 310,871. Jones Lang LaSalle Inc has a fifty-two week low of $119.79 and a fifty-two week high of $174.42. The firm has a market cap of $5.96 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.26 and a beta of 1.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.01.

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

The firm also recently announced a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 17th will be given a dividend of $0.43 per share. This represents a dividend yield of 0.61%. 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. Jones Lang LaSalle’s dividend payout ratio is presently 7.02%.

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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, 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.

Further Reading: How to Invest in a Bull Market

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

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