Jones Lang LaSalle Inc. (JLL) Stock Price Up 9.2%
Jones Lang LaSalle Inc. (NYSE:JLL)’s share price traded up 9.2% during mid-day trading on Friday . The stock traded as high as $100.58 and last traded at $99.97, with a volume of 1,316,225 shares trading hands. The stock had previously closed at $91.57.
Several equities analysts recently issued reports on the stock. JMP Securities reissued a “buy” rating on shares of Jones Lang LaSalle in a report on Wednesday, June 8th. Goldman Sachs Group Inc. raised shares of Jones Lang LaSalle from a “neutral” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Friday, May 20th. Barclays PLC cut their price objective on shares of Jones Lang LaSalle from $141.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, May 16th. Keefe, Bruyette & Woods started coverage on shares of Jones Lang LaSalle in a research note on Monday, May 16th. They issued an “outperform” rating and a $131.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $158.00.
The company has a 50 day moving average of $111.14 and a 200-day moving average of $119.57. The company has a market capitalization of $4.50 billion and a price-to-earnings ratio of 10.73.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company earned $1.34 billion during the quarter, compared to analyst estimates of $1.21 billion. The business’s revenue was up 11.0% compared to the same quarter last year. Analysts predict that Jones Lang LaSalle Inc. will post $9.69 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 13th were issued a $0.31 dividend. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.29. The ex-dividend date was Wednesday, May 11th. This represents a dividend yield of 0.5%.
In related news, Director Piazza Samuel A. Jr. Di acquired 2,200 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were purchased at an average cost of $112.00 per share, for a total transaction of $246,400.00. Following the acquisition, the director now owns 2,763 shares in the company, valued at approximately $309,456. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Other large investors have made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Jones Lang LaSalle by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,259,561 shares of the company’s stock valued at $521,073,000 after buying an additional 17,333 shares during the last quarter. Swiss National Bank increased its stake in shares of Jones Lang LaSalle by 1.5% in the fourth quarter. Swiss National Bank now owns 81,300 shares of the company’s stock valued at $12,997,000 after buying an additional 1,200 shares during the last quarter. Strategic Global Advisors LLC increased its stake in shares of Jones Lang LaSalle by 27.9% in the fourth quarter. Strategic Global Advisors LLC now owns 24,673 shares of the company’s stock valued at $3,944,000 after buying an additional 5,381 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Jones Lang LaSalle by 39.2% in the fourth quarter. Shell Asset Management Co. now owns 25,023 shares of the company’s stock valued at $4,000,000 after buying an additional 7,048 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at $1,067,000.
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments. JLL provides real estate services through three business segments: the Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific.
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