Jones Lang LaSalle Inc (NYSE:JLL) has been assigned a consensus rating of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $148.00.

JLL has been the topic of a number of recent analyst reports. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Royal Bank of Canada lowered Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Barclays increased their price target on Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday, February 2nd.

In other news, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the completion of the sale, the director now directly owns 35 shares in the company, valued at approximately $5,226.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the sale, the chief executive officer now owns 4,489 shares of the company’s stock, valued at $661,768.38. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JLL. Pacer Advisors Inc. increased its holdings in Jones Lang LaSalle by 32.5% in the 3rd quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 1,945 shares in the last quarter. California Public Employees Retirement System increased its holdings in Jones Lang LaSalle by 3.2% in the 3rd quarter. California Public Employees Retirement System now owns 122,140 shares of the financial services provider’s stock valued at $15,084,000 after purchasing an additional 3,840 shares in the last quarter. Prudential Financial Inc. increased its holdings in Jones Lang LaSalle by 51.5% in the 3rd quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock valued at $42,575,000 after purchasing an additional 117,160 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Jones Lang LaSalle by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock valued at $75,070,000 after purchasing an additional 12,871 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Jones Lang LaSalle by 31.7% in the 3rd quarter. Sei Investments Co. now owns 20,364 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 4,907 shares in the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.

Jones Lang LaSalle (NYSE:JLL) traded up $4.05 during mid-day trading on Friday, reaching $150.59. The company had a trading volume of 274,211 shares, compared to its average volume of 228,853. Jones Lang LaSalle has a 12-month low of $101.83 and a 12-month high of $158.82. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6,626.22, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.40 and a beta of 1.85.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the company earned $3.95 EPS. Jones Lang LaSalle’s revenue was up 17.5% on a year-over-year basis. analysts anticipate that Jones Lang LaSalle will post 8.63 EPS for the current year.

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About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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