Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $368.00

Jones Lang LaSalle (NYSE:JLL) had its target price raised by equities research analysts at Barclays from $366.00 to $368.00 in a note issued to investors on Tuesday,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 10.37% from the company’s current price.

Several other brokerages have also recently commented on JLL. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $394.40.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $333.42 on Tuesday. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 17.93 and a beta of 1.27. Jones Lang LaSalle has a twelve month low of $259.83 and a twelve month high of $363.06. The company’s fifty day moving average is $307.76 and its 200 day moving average is $317.07. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the business earned $2.31 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle will post 22.86 EPS for the current year.

Insider Buying and Selling

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Several large investors have recently made changes to their positions in JLL. Greenleaf Trust grew its stake in Jones Lang LaSalle by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after acquiring an additional 30 shares during the period. Assetmark Inc. raised its holdings in Jones Lang LaSalle by 15.8% during the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after buying an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC lifted its stake in shares of Jones Lang LaSalle by 40.4% in the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after buying an additional 42 shares in the last quarter. UMB Bank n.a. increased its position in shares of Jones Lang LaSalle by 10.6% during the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 47 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Jones Lang LaSalle by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 48 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.