Jones Lang LaSalle (NYSE:JLL) Reaches New 52-Week High on Analyst Upgrade

Jones Lang LaSalle Incorporated (NYSE:JLL) hit a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $360.00 to $410.00. UBS Group currently has a buy rating on the stock. Jones Lang LaSalle traded as high as $362.90 and last traded at $357.3220, with a volume of 138922 shares traded. The stock had previously closed at $356.03.

JLL has been the topic of several other research reports. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. The Goldman Sachs Group boosted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $364.17.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total value of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at approximately $44,490,496.05. This represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 20,000 shares of company stock worth $6,609,091 over the last 90 days. 0.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently made changes to their positions in JLL. Greenleaf Trust boosted its holdings in shares of Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after buying an additional 30 shares during the last quarter. Assetmark Inc. boosted its stake in Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 30 shares during the last quarter. Chilton Capital Management LLC grew its position in shares of Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 33 shares during the period. Southeast Asset Advisors LLC increased its stake in shares of Jones Lang LaSalle by 0.7% during the 2nd quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after purchasing an additional 39 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of 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 during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Up 0.1%

The firm has a 50 day moving average of $338.77 and a 200 day moving average of $309.49. The firm has a market cap of $16.82 billion, a PE ratio of 27.33 and a beta of 1.42. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.