Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 55.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 300,105 shares of the financial services provider’s stock after selling 372,889 shares during the period. Boston Trust Walden Corp owned 0.63% of Jones Lang LaSalle worth $80,971,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Atlas Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $35,000. Allspring Global Investments Holdings LLC increased its stake in Jones Lang LaSalle by 844.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,020 shares of the financial services provider’s stock valued at $1,955,000 after purchasing an additional 8,959 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of Jones Lang LaSalle by 2.6% during the first quarter. State of Michigan Retirement System now owns 11,711 shares of the financial services provider’s stock worth $2,285,000 after purchasing an additional 300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth about $1,715,000. Finally, Norden Group LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $1,136,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on 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. Raymond James upped their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, UBS Group boosted their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two investment 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, Jones Lang LaSalle has an average rating of “Buy” and an average price target of $246.80.

Jones Lang LaSalle Stock Performance

Shares of JLL traded down $3.10 during trading hours on Friday, reaching $271.03. 167,425 shares of the company’s stock traded hands, compared to its average volume of 283,168. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 34.22 and a beta of 1.37. The business’s fifty day simple moving average is $259.22 and its two-hundred day simple moving average is $225.59. Jones Lang LaSalle Incorporated has a twelve month low of $120.75 and a twelve month high of $279.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. Analysts predict that Jones Lang LaSalle Incorporated will post 12.55 earnings per share for the current year.

Jones Lang LaSalle Company Profile

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.