Mutual of America Capital Management LLC Lowers Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mutual of America Capital Management LLC reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 25,062 shares of the financial services provider’s stock after selling 592 shares during the period. Mutual of America Capital Management LLC’s holdings in Jones Lang LaSalle were worth $6,344,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in shares of Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares during the period. SG Americas Securities LLC increased its position in Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after purchasing an additional 114,168 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $24,283,000. Finally, Bamco Inc. NY boosted its stake in shares of Jones Lang LaSalle by 28.3% during the third quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock valued at $84,912,000 after purchasing an additional 69,380 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

JLL opened at $266.50 on Tuesday. The company has a market cap of $12.63 billion, a P/E ratio of 23.60 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $266.19 and its 200-day moving average price is $264.47. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter last year, the company posted $4.23 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James upped their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $309.00.

About Jones Lang LaSalle

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.