Jones Lang LaSalle (NYSE:JLL) Sets New 1-Year High at $196.61

Jones Lang LaSalle Incorporated (NYSE:JLL) reached a new 52-week high during trading on Thursday . The company traded as high as $196.61 and last traded at $194.85, with a volume of 16965 shares traded. The stock had previously closed at $193.88.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Raymond James boosted their target price on shares of Jones Lang LaSalle from $173.00 to $199.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Hold” and an average target price of $174.00.

Jones Lang LaSalle Stock Performance

The stock has a fifty day simple moving average of $182.72 and a 200-day simple moving average of $164.91. The stock has a market cap of $9.27 billion, a P/E ratio of 41.56 and a beta of 1.42. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.53. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. Jones Lang LaSalle’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.36 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 11.93 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently made changes to their positions in JLL. Strategic Investment Solutions Inc. IL acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at $29,000. Exchange Traded Concepts LLC increased its position in shares of Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 96 shares during the last quarter. Covestor Ltd raised its stake in shares of Jones Lang LaSalle by 61.3% during the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 57 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Jones Lang LaSalle by 126.0% in the first quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider’s stock valued at $40,000 after buying an additional 155 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Jones Lang LaSalle in the first quarter valued at $46,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.