Jones Lang LaSalle (NYSE:JLL) Price Target Lowered to $380.00 at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its price target decreased by Keefe, Bruyette & Woods from $405.00 to $380.00 in a report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Several other research firms have also commented on JLL. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. UBS Group raised their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday. 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 lifted their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Barclays assumed coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $362.50.

Jones Lang LaSalle Stock Up 2.2%

JLL opened at $311.03 on Tuesday. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $363.06. The firm has a 50 day moving average price of $337.01 and a 200 day moving average price of $317.47. 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 $14.57 billion, a PE ratio of 18.95 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm earned $6.15 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Activity

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 15,000 shares of company stock valued at $4,957,441 in the last three months. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle in the third quarter worth about $25,000. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $29,000. Activest Wealth Management increased its holdings in shares of Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds 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.