Mitsubishi UFJ Trust & Banking Corp Sells 5,287 Shares of Jones Lang LaSalle Incorporated $JLL

Mitsubishi UFJ Trust & Banking Corp lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,514 shares of the financial services provider’s stock after selling 5,287 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.18% of Jones Lang LaSalle worth $26,104,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hunter Associates Investment Management LLC increased its stake in Jones Lang LaSalle by 3.7% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 15,190 shares of the financial services provider’s stock valued at $4,520,000 after purchasing an additional 538 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Jones Lang LaSalle by 10.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 28,821 shares of the financial services provider’s stock worth $8,597,000 after acquiring an additional 2,791 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Jones Lang LaSalle by 17.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,413 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 209 shares in the last quarter. Root Financial Partners LLC bought a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $44,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Jones Lang LaSalle by 77.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,529 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 1,101 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JLL has been the subject of a number of analyst reports. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. 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 research report on Wednesday, November 26th. UBS Group increased their price objective 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. Barclays started coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Hold” and an average target price of $355.83.

Insider Buying and Selling

In other news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the transaction, the chief executive officer owned 114,685 shares in the company, valued at $38,096,063.30. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 20,000 shares of company stock worth $6,609,091 over the last quarter. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Stock Up 0.9%

JLL opened at $357.15 on Tuesday. The company’s 50-day moving average price is $336.54 and its two-hundred day moving average price is $308.47. 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 Incorporated has a twelve month low of $194.36 and a twelve month high of $360.46. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 27.39 and a beta of 1.42.

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

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.