Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $364.17

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $362.50.

Several equities analysts have recently commented on JLL shares. UBS Group boosted their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. 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. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Barclays began 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.

Jones Lang LaSalle Trading Up 1.9%

NYSE:JLL opened at $322.71 on Friday. The stock’s 50-day moving average is $336.43 and its two-hundred day moving average is $317.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market cap of $15.12 billion, a PE ratio of 19.67 and a beta of 1.42. Jones Lang LaSalle has a fifty-two week low of $194.36 and a fifty-two week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly 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. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the company posted $6.15 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the 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 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 filing with the SEC, which is available through the SEC website. Insiders have sold 14,760 shares of company stock valued at $4,878,238 in the last three months. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Equity Investment Corp acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $72,132,000. Hennessy Advisors Inc. acquired a new position in Jones Lang LaSalle during the third quarter worth $40,417,000. Y Intercept Hong Kong Ltd bought a new position in shares of Jones Lang LaSalle during the third quarter valued at $1,143,000. FJ Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 38.5% in the 2nd quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock valued at $5,717,000 after purchasing an additional 6,214 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Jones Lang LaSalle by 22.6% in the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock worth $2,442,000 after purchasing an additional 1,761 shares during the last quarter. 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.