Jones Lang LaSalle (NYSE:JLL) Issues Quarterly Earnings Results

Jones Lang LaSalle (NYSE:JLL) issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.20, MarketWatch Earnings reports. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Shares of JLL traded down $2.57 during mid-day trading on Friday, reaching $124.45. 261,300 shares of the company’s stock traded hands, compared to its average volume of 313,368. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 1.24 and a beta of 1.65. Jones Lang LaSalle has a 12 month low of $119.79 and a 12 month high of $174.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.01.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JOYN Advisors Inc. boosted its holdings in shares of Jones Lang LaSalle by 1,328.6% in the fourth quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 186 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $35,000. Parallel Advisors LLC boosted its holdings in shares of Jones Lang LaSalle by 62.2% in the first quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 89 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $39,000. Finally, Synovus Financial Corp boosted its holdings in shares of Jones Lang LaSalle by 340.3% in the first quarter. Synovus Financial Corp now owns 273 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Barclays reissued a “buy” rating and set a $181.00 price objective on shares of Jones Lang LaSalle in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods cut Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 17th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, February 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $177.83.

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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.

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Earnings History for Jones Lang LaSalle (NYSE:JLL)

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