Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $415.00

by · The Markets Daily

Jones Lang LaSalle (NYSE:JLL – Free Report) had its price objective hoisted by Keefe, Bruyette & Woods from $375.00 to $415.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. UBS Group increased their price target 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 boosted their price objective on shares of Jones Lang LaSalle from $366.00 to $368.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $417.83.

Check Out Our Latest Report on JLL

Jones Lang LaSalle Stock Up 1.3%

NYSE:JLL opened at $372.69 on Monday. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 17.86 and a beta of 1.25. Jones Lang LaSalle has a twelve month low of $259.83 and a twelve month high of $373.29. The stock’s 50 day moving average price is $317.20 and its two-hundred day moving average price is $317.56. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted $3.30 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts expect that Jones Lang LaSalle will post 24.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the sale, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds have recently bought and sold shares of the stock. M&T Bank Corp lifted its holdings in Jones Lang LaSalle by 184,969.0% during the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after purchasing an additional 3,862,153 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Jones Lang LaSalle by 17.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after buying an additional 178,677 shares in the last quarter. Swedbank AB increased its position in Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after buying an additional 4,543 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after buying an additional 15,995 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of 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 valued at $302,697,000 after acquiring an additional 728,824 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

About Jones Lang LaSalle

(Get Free Report)

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.

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