Thrivent Financial for Lutherans lowered its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 77.4% during the fourth quarter, Holdings Channel reports. The fund owned 8,560 shares of the company’s stock after selling 29,340 shares during the period. Thrivent Financial for Lutherans’ holdings in Jones Lang LaSalle were worth $865,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of JLL. Daiwa Securities Group Inc. raised its position in Jones Lang LaSalle by 10.0% in the third quarter. Daiwa Securities Group Inc. now owns 1,100 shares of the company’s stock worth $125,000 after buying an additional 100 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Jones Lang LaSalle during the third quarter worth $137,000. Cornerstone Advisors Inc. raised its position in Jones Lang LaSalle by 6,068.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,357 shares of the company’s stock worth $154,000 after buying an additional 1,335 shares during the last quarter. JNBA Financial Advisors raised its position in Jones Lang LaSalle by 1,083.2% in the fourth quarter. JNBA Financial Advisors now owns 1,550 shares of the company’s stock worth $157,000 after buying an additional 1,419 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in Jones Lang LaSalle by 50,133.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,507 shares of the company’s stock worth $171,000 after buying an additional 1,504 shares during the last quarter. 89.27% of the stock is owned by institutional investors and hedge funds.
Jones Lang LaSalle Inc (NYSE:JLL) opened at 109.07 on Friday. Jones Lang LaSalle Inc has a one year low of $86.62 and a one year high of $125.31. The stock’s 50 day moving average price is $111.97 and its 200 day moving average price is $105.86. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 15.63 and a beta of 1.67.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, February 6th. The company reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.03. Jones Lang LaSalle had a return on equity of 13.14% and a net margin of 4.68%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $4.53 earnings per share. Jones Lang LaSalle’s revenue was up 14.4% on a year-over-year basis. Equities analysts predict that Jones Lang LaSalle Inc will post $8.29 earnings per share for the current fiscal year.
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A number of research analysts have weighed in on JLL shares. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Thursday, February 9th. Keefe, Bruyette & Woods lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $115.00 to $110.00 in a report on Tuesday, December 13th. William Blair raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $123.00 target price (up previously from $119.00) on shares of Jones Lang LaSalle in a report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $125.00.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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