Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $365.33 Average PT from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $368.3333.

A number of equities analysts recently weighed in on JLL shares. UBS Group boosted their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Barclays boosted their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th.

Insider Buying and Selling

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently modified their holdings of JLL. M&T Bank Corp grew its position in shares of Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Jones Lang LaSalle by 17.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after purchasing an additional 178,677 shares during the last quarter. Swedbank AB grew its position in shares of Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after purchasing an additional 4,543 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Jones Lang LaSalle by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after purchasing an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of 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 purchasing an additional 728,824 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $288.83 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The stock’s 50-day simple moving average is $314.93 and its 200 day simple moving average is $322.50. The company has a market cap of $13.40 billion, a P/E ratio of 15.53 and a beta of 1.34. Jones Lang LaSalle has a 52-week low of $211.86 and a 52-week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 earnings per share. As a group, sell-side analysts forecast that Jones Lang LaSalle will post 22.35 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

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.