Jones Lang LaSalle (NYSE:JLL) Given New $425.00 Price Target at UBS Group

Jones Lang LaSalle (NYSE:JLL) had its price target lifted by UBS Group from $410.00 to $425.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. Barclays started coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. 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. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. The Goldman Sachs Group increased 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. Finally, Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.67.

Jones Lang LaSalle Trading Down 3.4%

NYSE:JLL opened at $303.41 on Monday. 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 capitalization of $14.21 billion, a P/E ratio of 18.49 and a beta of 1.42. The stock’s 50 day moving average price is $337.47 and its 200 day moving average price is $317.24. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week 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 the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.15 earnings per share. On average, research analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Activity

In related news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the transaction, the chief executive officer owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 15,000 shares of company stock valued at $4,957,441 in the last 90 days. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Jones Lang LaSalle during the first quarter valued at approximately $546,000. Empowered Funds LLC lifted its position in shares of Jones Lang LaSalle by 203.1% during the 1st 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 Jones Lang LaSalle in the 2nd quarter valued at $307,000. DekaBank Deutsche Girozentrale grew its position in Jones Lang LaSalle by 8.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,712 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 217 shares during the period. Finally, Resonant Capital Advisors LLC raised its stake in Jones Lang LaSalle by 13.1% during the second quarter. Resonant Capital Advisors LLC now owns 948 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 110 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.