Boston Trust Walden Corp Grows Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Boston Trust Walden Corp increased its stake in Jones Lang LaSalle by 4.8% in Q2, owning about 0.64% of the company, valued at $78.3 million.
• Jones Lang LaSalle reported earnings of $3.30 per share for the last quarter, exceeding analyst estimates, with an 11% revenue increase year-over-year.
• Analysts currently hold a "Moderate Buy" rating on Jones Lang LaSalle, with a consensus price target of $338.29.

Boston Trust Walden Corp boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,051 shares of the financial services provider's stock after purchasing an additional 13,903 shares during the quarter. Boston Trust Walden Corp owned about 0.64% of Jones Lang LaSalle worth $78,282,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. EdgePoint Investment Group Inc. raised its position in Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider's stock worth $455,000,000 after buying an additional 195,818 shares during the last quarter. Select Equity Group L.P. raised its position in Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock worth $263,298,000 after buying an additional 357,469 shares during the last quarter. Invesco Ltd. raised its position in Jones Lang LaSalle by 1.8% during the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock worth $238,479,000 after buying an additional 17,336 shares during the last quarter. Swedbank AB raised its position in Jones Lang LaSalle by 115.0% during the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider's stock worth $239,960,000 after buying an additional 501,716 shares during the last quarter. Finally, Northern Trust Corp raised its position in Jones Lang LaSalle by 21.6% during the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider's stock worth $135,911,000 after buying an additional 97,492 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on JLL. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. The Goldman Sachs Group upped their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Finally, JMP Securities initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and an average price target of $338.29.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $290.25 on Tuesday. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 24.96 and a beta of 1.39. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $322.36. The company's 50-day moving average price is $299.04 and its 200 day moving average price is $258.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.55 EPS. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle 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.

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