Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $401.00 at Barclays

Jones Lang LaSalle (NYSE:JLL) had its price target increased by research analysts at Barclays from $368.00 to $401.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 8.26% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. UBS Group raised their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $423.33.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded down $4.58 during trading on Monday, reaching $370.42. 22,977 shares of the company’s stock traded hands, compared to its average volume of 448,040. The stock has a market capitalization of $17.04 billion, a P/E ratio of 17.76 and a beta of 1.24. Jones Lang LaSalle has a 12 month low of $259.83 and a 12 month high of $375.71. The company has a 50 day moving average of $327.57 and a 200-day moving average of $318.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. Jones Lang LaSalle’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $3.30 earnings per share. On average, equities analysts expect that Jones Lang LaSalle will post 24.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JLL. Moran Wealth Management LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at about $4,405,000. Geode Capital Management LLC lifted its stake in shares of Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after acquiring an additional 15,995 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Jones Lang LaSalle by 78.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock valued at $9,723,000 after acquiring an additional 12,699 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $1,507,000. Finally, Principal Financial Group Inc. raised its holdings in Jones Lang LaSalle by 279.6% during the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.