Latest Stocks: Suntrust Banks Inc. Sells 63 Shares of Jones Lang LaSalle Inc (JLL)

Latest Stocks: Suntrust Banks Inc. Sells 63 Shares of Jones Lang LaSalle Inc (JLL)

Suntrust Banks Inc. lowered its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,538 shares of the financial services provider’s stock after selling 63 shares during the period. Suntrust Banks Inc.’s holdings in Jones Lang LaSalle were worth $1,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Jones Lang LaSalle by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 590,810 shares of the financial services provider’s stock worth $65,844,000 after buying an additional 30,671 shares during the last quarter. Point View Wealth Management Inc. boosted its stake in shares of Jones Lang LaSalle by 44.8% in the first quarter. Point View Wealth Management Inc. now owns 9,373 shares of the financial services provider’s stock valued at $1,045,000 after buying an additional 2,898 shares in the last quarter. US Bancorp DE boosted its stake in shares of Jones Lang LaSalle by 6.4% in the first quarter. US Bancorp DE now owns 7,210 shares of the financial services provider’s stock valued at $804,000 after buying an additional 433 shares in the last quarter. Pekin Singer Strauss Asset Management IL boosted its stake in shares of Jones Lang LaSalle by 4.1% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 137,164 shares of the financial services provider’s stock valued at $15,287,000 after buying an additional 5,386 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Jones Lang LaSalle by 18.2% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. 89.27% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Inc (NYSE JLL) opened at 116.26 on Tuesday. The company has a 50-day moving average of $114.48 and a 200-day moving average of $108.46. The company has a market cap of $5.27 billion, a P/E ratio of 17.47 and a beta of 1.67. Jones Lang LaSalle Inc has a 52-week low of $86.62 and a 52-week high of $126.80.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Friday, May 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Jones Lang LaSalle had a return on equity of 13.14% and a net margin of 4.68%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities research analysts expect that Jones Lang LaSalle Inc will post $7.99 earnings per share for the current fiscal year. The company also recently disclosed a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be issued a dividend of $0.35 per share. This represents a dividend yield of 0.57%. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.33. The ex-dividend date of this dividend is Thursday, May 11th. Jones Lang LaSalle’s dividend payout ratio is 9.48%.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Friday, May 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Jones Lang LaSalle had a return on equity of 13.14% and a net margin of 4.68%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities research analysts expect that Jones Lang LaSalle Inc will post $7.99 earnings per share for the current fiscal year. Several analysts have recently commented on the stock. JMP Securities increased their price target on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Bank of America Corp restated a “buy” rating and issued a $140.00 price objective on shares of Jones Lang LaSalle in a report on Monday, May 8th. ValuEngine lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday. Barclays PLC restated an “overweight” rating and issued a $123.00 price objective (up from $119.00) on shares of Jones Lang LaSalle in a report on Friday, March 3rd. Finally, William Blair upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $124.00.

In other news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $115.44, for a total transaction of $115,440.00. Following the sale, the director now directly owns 48,847 shares of the company’s stock, valued at approximately $5,638,897.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by corporate insiders. About Jones Lang LaSalle

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