Jones Lang LaSalle Incorporated (NYSE:JLL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $342.1429.

A number of analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. UBS Group boosted their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Barclays initiated coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price objective for the company.

Insider Buying and Selling

In other news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 20,000 shares of company stock worth $6,609,091. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds have recently added to or reduced their stakes in JLL. Tudor Investment Corp ET AL raised its stake in shares of Jones Lang LaSalle by 378.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 7,743 shares of the financial services provider’s stock valued at $2,310,000 after buying an additional 6,123 shares during the last quarter. Mirabella Financial Services LLP raised its position in Jones Lang LaSalle by 168.3% during the third quarter. Mirabella Financial Services LLP now owns 7,211 shares of the financial services provider’s stock valued at $2,147,000 after acquiring an additional 4,523 shares in the last quarter. Allworth Financial LP lifted its holdings in Jones Lang LaSalle by 38.4% in the third quarter. Allworth Financial LP now owns 263 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 73 shares during the period. IFP Advisors Inc boosted its position in Jones Lang LaSalle by 7.9% in the 3rd quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 40 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its holdings in shares of Jones Lang LaSalle by 76.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 2,176 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 946 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 0.2%

Jones Lang LaSalle stock opened at $335.65 on Friday. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $347.81. The business has a fifty day moving average price of $320.74 and a 200-day moving average price of $296.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 25.74 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The company had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same period last year, the business posted $3.50 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

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.