Massachusetts Financial Services Co. MA Reduces Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Massachusetts Financial Services Co. MA lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 682,286 shares of the financial services provider’s stock after selling 70,109 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.45% of Jones Lang LaSalle worth $229,569,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle in the third quarter valued at about $25,000. Caldwell Trust Co acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth about $38,000. Chilton Capital Management LLC increased its stake in shares of Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares during the period. Quent Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $41,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $317.73 on Monday. The company has a market cap of $14.89 billion, a P/E ratio of 19.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. Jones Lang LaSalle Incorporated has a one year low of $201.96 and a one year high of $363.06. The business has a fifty day moving average of $308.85 and a two-hundred day moving average of $317.53.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.25 by $1.46. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.15 EPS. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

JLL has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods lowered their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. UBS Group raised their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Barclays decreased their price target on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $363.17.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

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.