Mitsubishi UFJ Trust & Banking Corp Trims Holdings in Jones Lang LaSalle Incorporated $JLL

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,514 shares of the financial services provider’s stock after selling 5,287 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jones Lang LaSalle were worth $26,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hennessy Advisors Inc. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $40,417,000. FJ Capital Management LLC grew its position in Jones Lang LaSalle by 38.5% during the second quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock worth $5,717,000 after buying an additional 6,214 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Jones Lang LaSalle by 22.6% in the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock valued at $2,442,000 after acquiring an additional 1,761 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Jones Lang LaSalle by 388.0% during the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 6,880 shares in the last quarter. Finally, Boston Partners purchased a new stake in Jones Lang LaSalle in the second quarter valued at approximately $12,186,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Stock Up 0.9%

JLL opened at $357.15 on Tuesday. The company has a market cap of $16.85 billion, a P/E ratio of 27.39 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $360.46. The business’s 50-day moving average price is $336.54 and its 200-day moving average price is $308.47. 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 (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. The Goldman Sachs Group upped 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. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday. Finally, UBS Group lifted their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Hold” and an average price target of $355.83.

Jones Lang LaSalle Company 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.