Boston Trust Walden Corp Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Boston Trust Walden Corp cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,148 shares of the financial services provider's stock after selling 13,620 shares during the quarter. Boston Trust Walden Corp owned 0.61% of Jones Lang LaSalle worth $72,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. State of Alaska Department of Revenue lifted its holdings in Jones Lang LaSalle by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,556 shares of the financial services provider's stock worth $1,377,000 after buying an additional 145 shares during the period. CWA Asset Management Group LLC lifted its holdings in Jones Lang LaSalle by 24.7% in the 1st quarter. CWA Asset Management Group LLC now owns 10,904 shares of the financial services provider's stock worth $2,703,000 after buying an additional 2,163 shares during the period. Western Pacific Wealth Management LP purchased a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $41,000. Adero Partners LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $202,000. Finally, Sowell Financial Services LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $419,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Up 1.6%

JLL stock opened at $237.36 on Thursday. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The firm has a market cap of $11.27 billion, a PE ratio of 21.46 and a beta of 1.31. The business has a 50 day moving average of $225.90 and a 200 day moving average of $248.10.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $1.78 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup dropped their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Wall Street Zen lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group decreased their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $305.00.

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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