Jones Lang LaSalle Incorporated $JLL Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,882 shares of the financial services provider’s stock after selling 1,727 shares during the period. Mutual of America Capital Management LLC’s holdings in Jones Lang LaSalle were worth $6,527,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Chilton Capital Management LLC acquired a new position in Jones Lang LaSalle during the second quarter valued at $26,000. Caldwell Trust Co purchased a new position in Jones Lang LaSalle during the 2nd quarter valued at about $38,000. Quent Capital LLC acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $41,000. Root Financial Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $44,000. Finally, Steph & Co. purchased a new position in Jones Lang LaSalle during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.1%

Shares of JLL stock opened at $356.33 on Thursday. The stock’s 50 day simple moving average is $338.77 and its 200 day simple moving average is $309.49. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $362.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 27.33 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.50 earnings per share. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. UBS Group upped their target price on Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Hold” and a consensus target price of $364.17.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares in the company, valued at $44,490,496.05. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is owned by 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.