Jones Lang LaSalle (NYSE:JLL) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its price objective decreased by Keefe, Bruyette & Woods from $415.00 to $385.00 in a research note published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on JLL. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Barclays lifted their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $427.60.

Jones Lang LaSalle Trading Up 0.1%

JLL opened at $300.05 on Friday. Jones Lang LaSalle has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 14.38 and a beta of 1.30. The company’s 50 day moving average price is $348.49 and its two-hundred day moving average price is $326.35.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during 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%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 EPS. As a group, research analysts predict that Jones Lang LaSalle will post 25.18 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Jones Lang LaSalle by 8.1% during the 3rd quarter. Versant Capital Management Inc now owns 469 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 35 shares during the period. Hilton Head Capital Partners LLC lifted its stake in shares of Jones Lang LaSalle by 40.4% in the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 42 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Jones Lang LaSalle by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,002 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 45 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Jones Lang LaSalle by 27.4% during the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 48 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake in Jones Lang LaSalle by 3.6% during the first quarter. Procyon Advisors LLC now owns 1,554 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 54 shares during the period. 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 global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.