Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $417.83 Consensus PT from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $423.3333.

A number of brokerages recently commented on JLL. Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. UBS Group raised their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th.

Jones Lang LaSalle Stock Up 0.2%

Shares of JLL opened at $371.01 on Friday. The business’s fifty day moving average price is $330.35 and its two-hundred day moving average price is $318.29. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 17.78 and a beta of 1.24. Jones Lang LaSalle has a 52 week low of $259.83 and a 52 week high of $376.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40.

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

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total value of $750,000.00. Following the transaction, the chief executive officer owned 144,418 shares of the company’s stock, valued at $54,156,750. This represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 4,369 shares in the company, valued at $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,805 shares of company stock valued at $1,740,237 in the last quarter. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors have recently modified their holdings of JLL. BlackRock Inc. acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $1,446,414,000. M&T Bank Corp increased its stake in Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC raised its holdings in Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth $194,950,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $132,263,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.