UBS Group Boosts Jones Lang LaSalle (NYSE:JLL) Price Target to $410.00

Jones Lang LaSalle (NYSE:JLL) had its price target upped by equities researchers at UBS Group from $360.00 to $410.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 14.45% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. The Goldman Sachs Group increased their price target 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. Barclays started 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $364.17.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $358.22 on Wednesday. The company has a fifty day moving average of $339.90 and a two-hundred day moving average of $309.83. The company has a market capitalization of $16.90 billion, a PE ratio of 27.47 and a beta of 1.42. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $363.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. As a group, analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JLL. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $26,000. True Wealth Design LLC boosted its holdings in Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares in the last quarter. Quent Capital LLC acquired a new position in Jones Lang LaSalle during the third quarter worth about $41,000. Finally, Root Financial Partners LLC purchased a new position in Jones Lang LaSalle in the third quarter valued at about $44,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.