Thrivent Financial for Lutherans Boosts Position in Jones Lang LaSalle Incorporated $JLL

Thrivent Financial for Lutherans lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 78.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,895 shares of the financial services provider’s stock after acquiring an additional 12,699 shares during the period. Thrivent Financial for Lutherans’ holdings in Jones Lang LaSalle were worth $9,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at about $29,000. Activest Wealth Management raised its holdings in Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Chilton Capital Management LLC raised its holdings in Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares during the period. Finally, True Wealth Design LLC raised its holdings in Jones Lang LaSalle by 13,200.0% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 0.6%

Jones Lang LaSalle stock opened at $287.18 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 15.44 and a beta of 1.34. Jones Lang LaSalle Incorporated has a fifty-two week low of $211.86 and a fifty-two week high of $363.06. The stock’s fifty day moving average is $313.86 and its two-hundred day moving average is $322.04.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company earned $2.31 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts predict that Jones Lang LaSalle Incorporated will post 22.35 EPS for the current fiscal year.

Insider Activity

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Barclays upped their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $368.33.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.