Jones Lang LaSalle Incorporated (NYSE:JLL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $364.1667.

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. UBS Group raised their price target on Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Barclays initiated coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price on the stock. Finally, The Goldman Sachs Group upped 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 report on Wednesday, November 26th.

Insider Activity at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 20,000 shares of company stock worth $6,609,091. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $546,000. Empowered Funds LLC boosted its position in shares of 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 worth $1,003,000 after buying an additional 2,711 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $307,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Jones Lang LaSalle by 8.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,712 shares of the financial services provider’s stock valued at $694,000 after buying an additional 217 shares during the period. Finally, Whittier Trust Co. lifted its position in Jones Lang LaSalle by 40.9% during the 2nd quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 63 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $314.07 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.31. The firm has a market cap of $14.82 billion, a PE ratio of 19.14 and a beta of 1.42. The firm has a 50 day simple moving average of $337.97 and a 200-day simple moving average of $316.75. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. Jones Lang LaSalle’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $6.15 earnings per share. On average, equities analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

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.