Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $355.83 Consensus Target Price from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $364.1667.

JLL has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of 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 increased their price target on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. UBS Group lifted their price objective on Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Finally, Barclays began coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. The trade was 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 20,000 shares of company stock worth $6,609,091 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Greenleaf Trust grew its position in shares of Jones Lang LaSalle by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after buying an additional 30 shares during the period. Assetmark Inc. boosted its stake in Jones Lang LaSalle by 15.8% during the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 30 shares during the last quarter. Chilton Capital Management LLC grew its holdings in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 33 shares during the period. Southeast Asset Advisors LLC increased its stake in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after purchasing an additional 39 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 40 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 6.9%

Shares of JLL stock opened at $329.65 on Wednesday. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $363.06. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $15.56 billion, a PE ratio of 25.28 and a beta of 1.42. The stock has a 50 day moving average of $341.46 and a 200-day moving average of $312.65.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. The firm had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 EPS. On average, equities analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current year.

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.