Jones Lang LaSalle (NYSE:JLL) Sets New 1-Year High – What’s Next?

Jones Lang LaSalle Incorporated (NYSE:JLL) hit a new 52-week high on Thursday. The company traded as high as $395.79 and last traded at $388.3610, with a volume of 28,981 shares changing hands. The stock had previously closed at $390.33.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial reaffirmed 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, Barclays upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.60.

Jones Lang LaSalle Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 16.29 and a beta of 1.29. The stock’s 50 day simple moving average is $330.91 and its 200-day simple moving average is $325.03.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share for the quarter, topping the consensus estimate of $6.15 by $0.61. Jones Lang LaSalle had a return on equity of 15.05% and a net margin of 3.89%. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same period in the previous year, the company earned $4.50 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect that Jones Lang LaSalle Incorporated will post 25.16 EPS for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock valued at $2,271,060 in the last 90 days. Insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently added to or reduced their stakes in JLL. Fifth Third Wealth Advisors LLC increased its position in Jones Lang LaSalle by 2.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,758 shares of the financial services provider’s stock worth $537,000 after buying an additional 34 shares during the period. Versant Capital Management Inc boosted its position in shares of Jones Lang LaSalle by 8.1% in the third quarter. Versant Capital Management Inc now owns 469 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 35 shares during the period. Orange Investment Advisors Inc. boosted its position in shares of Jones Lang LaSalle by 0.3% in the third quarter. Orange Investment Advisors Inc. now owns 13,273 shares of the financial services provider’s stock valued at $4,055,000 after acquiring an additional 36 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Jones Lang LaSalle by 0.5% in the third quarter. Pictet Asset Management Holding SA now owns 7,271 shares of the financial services provider’s stock worth $2,221,000 after acquiring an additional 36 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in shares of Jones Lang LaSalle by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 2,288 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.