Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,580 shares of the financial services provider’s stock after selling 430 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jones Lang LaSalle were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Jones Lang LaSalle by 368.4% in the first quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after buying an additional 16,521 shares during the period. Retirement Systems of Alabama grew its position in Jones Lang LaSalle by 25.5% during the 1st quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock worth $17,418,000 after purchasing an additional 18,156 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Jones Lang LaSalle by 112.2% during the 4th quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock valued at $11,470,000 after purchasing an additional 32,104 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Jones Lang LaSalle by 433.3% in the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares in the last quarter. Finally, BDF Gestion acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth $3,550,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JLL. UBS Group increased their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Finally, Raymond James increased their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Up 1.5 %

Jones Lang LaSalle stock opened at $270.01 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $273.82. The firm’s fifty day simple moving average is $250.32 and its 200-day simple moving average is $216.27. The company has a market capitalization of $12.84 billion, a P/E ratio of 43.41 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

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.