Jones Lang Lasalle Partners With HSBC and 4 Stocks Hitting 52-Week Highs

Allete (NYSE:ALE): Closing price $44.51

The company’s board raised the quarterly dividend to 47.5 cents per share, which is payable on March 1st to common shareholders of record at the close on February 15th. Shares closed up 1.02 percent on the day at $44.51, having been traded in a 52-week range of $37.73 to $44.21.

ale

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

The Blackstone Group (NYSE:BX): Closing price $18.03

Blackstone has announced a partnership with a management team, led by the former Executive Chairman at Element Power and former head of Iberdrola Renewables Pedro Barriuso, through which to form Fisterra Energy, a firm owned by funds managed by Blackstone on behalf of its private equity investors. The new company’s primary concentration will be to identify, develop, finance, construct and operate large scale independent power projects in markets seeing capacity or transmission shortfalls, with a focus in Europe, Latin America, and the Middle East. Shares closed up o.28 percent on the day at $18.03, and have traded in a 52-week range of $11.13 to $18.00.

bx

Jones Lang Lasalle (NYSE:JLL): Closing price $88.82

The firm announced it has been selected by HSBC (NYSE:HBC) as its only worldwide outsourcing supplier of integrated facility management services throughout its 58 million-square-foot real estate portfolio, marking the biggest facility management contract won by a single provider on a global basis by a financial services company. Shares closed up 0.87 percent on the day at $88.82, having been traded in a 52-week range of $61.39 to $88.24.

jll

Equinix (NASDAQ:EQIX): Closing price $221.63

Equinix reports that ChinaCache (NASDAQ:CCIH) has grown its services in Asia-Pacific with Platform Equinix. The former will increase its nodes inside Equinix’s data centers so as to expand its footprint in the Asia-Pacific region. Shares closed down 0.31 percent on the day at $221.63, and have been traded in a 52-week range of $114.53 to $222.31.

eq

Internet Capital Group (NASDAQ:ICGE): Closing price $11.81

ICG Group said that one of its consolidated firms, Investor Force Holdings, will be acquired by MSCI I (NYSE:MSCI). Through the terms, MSCI will buy InvestorForce in a $23.5 million cash transaction, which should close in the first quarter. Upon closing of the transaction, ICG will post a gain of about $15.4 million on the divestiture of its InvestorForce interest, and the release of any escrowed proceeds to ICG will bring additional gains. Shares closed unchanged on the day at $11.81, having been traded in a 52-week range of $8.16 to $11.98.

ic

Don’t Miss: Did Netflix Live Up to Its Potential?