Jones Lang LaSalle Incorporated $JLL Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 19.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,196 shares of the financial services provider’s stock after purchasing an additional 2,687 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jones Lang LaSalle were worth $4,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Chilton Capital Management LLC raised its position in shares of Jones Lang LaSalle by 33.0% in the third 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 last quarter. Southeast Asset Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 0.7% during the 2nd quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after purchasing an additional 39 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Jones Lang LaSalle by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 47 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Jones Lang LaSalle by 6.7% in the third quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 53 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in Jones Lang LaSalle by 3.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,607 shares of the financial services provider’s stock worth $479,000 after buying an additional 57 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $342.76 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06. The business has a 50-day moving average of $341.96 and a 200-day moving average of $313.56. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 26.29 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 earnings per share. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several recent analyst reports. Barclays began coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. UBS Group increased their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $364.17.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 20,000 shares of company stock worth $6,609,091 in the last three months. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle 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.