Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $433.60

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $433.60.

JLL has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Barclays lifted their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd.

Jones Lang LaSalle Stock Up 1.4%

Shares of NYSE JLL opened at $347.07 on Thursday. The firm has a market cap of $15.97 billion, a P/E ratio of 16.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. Jones Lang LaSalle has a 1 year low of $259.83 and a 1 year high of $393.84. The firm’s 50 day moving average price is $353.01 and its 200 day moving average price is $324.02.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the previous year, the firm posted $3.30 EPS. Jones Lang LaSalle’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Jones Lang LaSalle will post 25.05 earnings per share for the current year.

Insider Activity

In other news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is owned by insiders.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of JLL. California State Teachers Retirement System raised its position in Jones Lang LaSalle by 30,596.1% in the second quarter. California State Teachers Retirement System now owns 16,836,174 shares of the financial services provider’s stock valued at $5,218,372,000 after purchasing an additional 16,781,326 shares during the period. BlackRock Inc. acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $1,446,414,000. AQR Capital Management LLC raised its holdings in Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after acquiring an additional 728,824 shares in the last quarter. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $194,950,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $132,263,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.