Mutual of America Capital Management LLC Sells 809 Shares of Jones Lang LaSalle Incorporated $JLL

Mutual of America Capital Management LLC lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,609 shares of the financial services provider’s stock after selling 809 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jones Lang LaSalle were worth $6,039,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter worth $38,000. Brooklyn Investment Group lifted its position in shares of Jones Lang LaSalle by 142.1% in the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 189 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Jones Lang LaSalle by 30.4% in the first quarter. Covestor Ltd now owns 335 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on JLL shares. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating on the stock. JMP Securities began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. The Goldman Sachs Group increased their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $338.29.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $309.85 on Wednesday. The stock has a market cap of $14.68 billion, a P/E ratio of 26.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The company has a fifty day moving average price of $302.08 and a two-hundred day moving average price of $261.32. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.55 earnings per share. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.