Jones Lang LaSalle Incorporated $JLL Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JLL. Integrated Wealth Concepts LLC bought a new position in Jones Lang LaSalle during the 1st quarter worth $546,000. Empowered Funds LLC grew its position in shares of Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Jones Lang LaSalle by 2.6% in the 2nd quarter. Truist Financial Corp now owns 212,275 shares of the financial services provider’s stock worth $54,295,000 after acquiring an additional 5,288 shares during the period. Abacus Planning Group Inc. lifted its position in Jones Lang LaSalle by 17.1% in the 2nd quarter. Abacus Planning Group Inc. now owns 3,124 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 456 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in Jones Lang LaSalle by 2.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,800 shares of the financial services provider’s stock worth $2,507,000 after purchasing an additional 200 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Barclays began coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $364.17.

Jones Lang LaSalle Stock Performance

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

Jones Lang LaSalle (NYSE:JLL) last released its 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. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.50 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was 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 of the company’s stock, valued at $44,490,496.05. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 20,000 shares of company stock valued at $6,609,091. Insiders own 0.91% of the company’s stock.

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.