Jones Lang LaSalle Inc. (JLL) Shares Up 9.2%
Jones Lang LaSalle Inc. (NYSE:JLL)’s share price shot up 9.2% on Friday . The stock traded as high as $100.58 and last traded at $99.97, with a volume of 1,316,225 shares changing hands. The stock had previously closed at $91.57.
Several research firms have weighed in on JLL. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Keefe, Bruyette & Woods assumed coverage on Jones Lang LaSalle in a research note on Monday, May 16th. They issued an “outperform” rating and a $131.00 price target for the company. Barclays PLC lowered their price target on Jones Lang LaSalle from $141.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, May 16th. JMP Securities reissued a “buy” rating on shares of Jones Lang LaSalle in a research note on Wednesday, June 8th. Finally, Goldman Sachs Group Inc. raised Jones Lang LaSalle from a “neutral” rating to a “buy” rating and set a $141.00 price target for the company in a research note on Friday, May 20th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $158.00.
The company has a market capitalization of $4.50 billion and a PE ratio of 10.74. The firm has a 50 day moving average of $110.93 and a 200-day moving average of $119.17.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, April 27th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The company earned $1.34 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $0.94 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts predict that Jones Lang LaSalle Inc. will post $9.69 earnings per share for the current year.
The business also recently announced a semiannual dividend, which was paid on Wednesday, June 15th. Shareholders of record on Friday, May 13th were paid a $0.31 dividend. This represents a yield of 0.5%. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.29. The ex-dividend date of this dividend was Wednesday, May 11th.
In related news, Director Piazza Samuel A. Jr. Di bought 2,200 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of $112.00 per share, with a total value of $246,400.00. Following the completion of the purchase, the director now owns 2,763 shares of the company’s stock, valued at approximately $309,456. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Other institutional investors recently added to or reduced their stakes in the company. Stevens Capital Management LP raised its position in Jones Lang LaSalle by 296.4% in the fourth quarter. Stevens Capital Management LP now owns 6,470 shares of the company’s stock valued at $1,034,000 after buying an additional 4,838 shares during the last quarter. Chicago Equity Partners LLC raised its position in Jones Lang LaSalle by 1.3% in the fourth quarter. Chicago Equity Partners LLC now owns 8,454 shares of the company’s stock valued at $1,351,000 after buying an additional 110 shares during the last quarter. Trexquant Investment LP raised its position in Jones Lang LaSalle by 37.1% in the fourth quarter. Trexquant Investment LP now owns 8,640 shares of the company’s stock valued at $1,381,000 after buying an additional 2,340 shares during the last quarter. Profund Advisors LLC raised its position in Jones Lang LaSalle by 59.3% in the fourth quarter. Profund Advisors LLC now owns 9,372 shares of the company’s stock valued at $1,498,000 after buying an additional 3,489 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Jones Lang LaSalle by 17.1% in the fourth quarter. Advisors Asset Management Inc. now owns 11,051 shares of the company’s stock valued at $1,767,000 after buying an additional 1,611 shares during the last quarter.
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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