Massachusetts Financial Services Co. MA Trims Stock Position in Jones Lang LaSalle Incorporated $JLL

Massachusetts Financial Services Co. MA decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 752,395 shares of the financial services provider’s stock after selling 17,165 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.59% of Jones Lang LaSalle worth $224,424,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JLL. Chilton Capital Management LLC purchased a new stake in Jones Lang LaSalle in the second quarter valued at approximately $26,000. Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $38,000. Quent Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $41,000. Steph & Co. acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $50,000. Finally, Traub Capital Management LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth $52,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

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

Analysts Set New Price Targets

Several brokerages have commented on JLL. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $350.71.

Jones Lang LaSalle Stock Up 0.4%

Shares of NYSE:JLL opened at $355.46 on Tuesday. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 27.26 and a beta of 1.42. The company has a 50 day moving average of $331.46 and a two-hundred day moving average of $305.11. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $357.44. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.