Jones Lang LaSalle (NYSE:JLL) Price Target Lowered to $380.00 at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $405.00 to $380.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 23.56% from the stock’s current price.

A number of other research analysts have also commented on the company. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. UBS Group increased their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research report on Monday. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Barclays started coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.50.

Jones Lang LaSalle Stock Up 1.0%

Shares of Jones Lang LaSalle stock traded up $3.18 during midday trading on Tuesday, reaching $307.54. 81,830 shares of the company’s stock traded hands, compared to its average volume of 579,139. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $363.06. The company’s 50 day simple moving average is $337.47 and its 200 day simple moving average is $317.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 18.74 and a beta of 1.42.

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 company 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 firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.15 EPS. Equities analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $330.24, for a total transaction of $1,651,200.00. Following the completion of the transaction, the chief executive officer directly owned 129,445 shares in the company, valued at approximately $42,747,916.80. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 15,000 shares of company stock worth $4,957,441. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JLL. Greenleaf Trust increased its stake in Jones Lang LaSalle by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 30 shares during the period. Assetmark Inc. increased its holdings in Jones Lang LaSalle by 15.8% in the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 30 shares in the last quarter. Chilton Capital Management LLC increased its position in Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 33 shares during the period. Southeast Asset Advisors LLC lifted its holdings in Jones Lang LaSalle by 0.7% during the 2nd quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after buying an additional 39 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 94.80% 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.