Mutual of America Capital Management LLC Decreases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mutual of America Capital Management LLC reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,232 shares of the financial services provider’s stock after selling 1,115 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Jones Lang LaSalle worth $5,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the first quarter worth about $30,000. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Atlas Capital Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $35,000. Riverview Trust Co purchased a new position in Jones Lang LaSalle during the first quarter worth approximately $38,000. Finally, Mather Group LLC. boosted its stake in Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after buying an additional 219 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JLL. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. UBS Group lifted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Raymond James increased their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Price Performance

JLL stock opened at $262.58 on Friday. The business’s fifty day moving average price is $245.14 and its 200 day moving average price is $211.96. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $265.63. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $12.49 billion, a PE ratio of 42.19 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current year.

Jones Lang LaSalle Company Profile

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.