Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $355.8333.

A number of research firms have commented on JLL. Barclays initiated coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. UBS Group boosted their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, The Goldman Sachs Group lifted their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $355.79 on Wednesday. The company has a 50-day moving average of $337.71 and a 200-day moving average of $309.16. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 27.28 and a beta of 1.42. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. Jones Lang LaSalle has a twelve month low of $194.36 and a twelve month high of $360.46.

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

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction that occurred on 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 $44,490,496.05. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of JLL. Integrated Wealth Concepts LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter worth $546,000. Empowered Funds LLC grew its stake in Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares in the last quarter. Fifth Third Bancorp increased its position in Jones Lang LaSalle by 18.0% in the 2nd quarter. Fifth Third Bancorp now owns 2,475 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 377 shares during the last quarter. Truist Financial Corp raised its stake in shares of Jones Lang LaSalle by 2.6% during the 2nd quarter. Truist Financial Corp now owns 212,275 shares of the financial services provider’s stock worth $54,295,000 after purchasing an additional 5,288 shares in the last quarter. Finally, Abacus Planning Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 17.1% during the 2nd quarter. Abacus Planning Group Inc. now owns 3,124 shares of the financial services provider’s stock valued at $799,000 after buying an additional 456 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.