Thrivent Financial for Lutherans Sells 341 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Thrivent Financial for Lutherans lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,239 shares of the financial services provider’s stock after selling 341 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jones Lang LaSalle were worth $3,032,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Jones Lang LaSalle in the third quarter worth about $37,000. Massmutual Trust Co. FSB ADV lifted its stake in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Innealta Capital LLC purchased a new stake in Jones Lang LaSalle in the second quarter worth $34,000. Finally, Huntington National Bank raised its stake in Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 38 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Up 7.8 %

Shares of NYSE:JLL opened at $283.71 on Tuesday. The company has a market cap of $13.46 billion, a PE ratio of 28.69 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1 year low of $153.26 and a 1 year high of $288.50. The stock’s 50-day moving average is $265.81 and its 200 day moving average is $238.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of recent analyst reports. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $271.50.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.