Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $445.00 at UBS Group

Jones Lang LaSalle (NYSE:JLL) had its price target boosted by UBS Group from $425.00 to $445.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts also recently issued reports on the company. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods reduced their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Barclays reduced their price objective on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” 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 analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $365.33.

Jones Lang LaSalle Stock Up 1.5%

JLL opened at $350.66 on Wednesday. The business’s fifty day moving average is $309.34 and its two-hundred day moving average is $319.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 21.37 and a beta of 1.41. Jones Lang LaSalle has a one year low of $211.86 and a one year high of $363.06.

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, topping analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the business earned $6.15 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle will post 21.76 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

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

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp increased its stake in Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Jones Lang LaSalle by 17.8% in the fourth 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 purchasing an additional 178,677 shares during the last quarter. Swedbank AB increased its stake in Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after purchasing an additional 4,543 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 acquiring an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after acquiring an additional 728,824 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.