Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $366.00 at Barclays

Jones Lang LaSalle (NYSE:JLL) had its price objective boosted by Barclays from $348.00 to $366.00 in a report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group upped their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $368.33.

Jones Lang LaSalle Price Performance

JLL opened at $310.81 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle has a 12 month low of $211.86 and a 12 month high of $363.06. The company has a fifty day simple moving average of $315.35 and a 200 day simple moving average of $322.70. The stock has a market cap of $14.42 billion, a P/E ratio of 16.71 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that Jones Lang LaSalle will post 22.35 EPS for the current year.

Insiders Place Their Bets

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $29,000. Activest Wealth Management boosted its stake in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $35,000. Finally, Chilton Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.