Jones Lang LaSalle (NYSE:JLL) Price Target Cut to $348.00 by Analysts at Barclays

Jones Lang LaSalle (NYSE:JLL) had its price objective trimmed by Barclays from $355.00 to $348.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

A number of other research firms also recently commented on JLL. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. UBS Group increased their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.00.

Jones Lang LaSalle Trading Up 0.9%

JLL stock opened at $327.59 on Tuesday. Jones Lang LaSalle has a 1-year low of $201.96 and a 1-year high of $363.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of 19.96 and a beta of 1.41. The business has a 50 day simple moving average of $308.21 and a two-hundred day simple moving average of $317.88.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $6.15 EPS. Research analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director owned 14,985 shares in the company, valued at $4,502,992.50. The trade was a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently bought and sold shares of JLL. Integrated Wealth Concepts LLC purchased a new stake in Jones Lang LaSalle in the first quarter worth $546,000. Empowered Funds LLC increased its stake in shares of Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 2,711 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Jones Lang LaSalle by 33.8% during the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after buying an additional 126 shares during the period. Cresset Asset Management LLC increased its stake in shares of Jones Lang LaSalle by 28.4% during the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after buying an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at $211,000. 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.