Jones Lang LaSalle Inc. (JLL) Shares Gap Up to $115.27
Jones Lang LaSalle Inc. (NYSE:JLL)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $115.10, but opened at $115.27. Jones Lang LaSalle shares last traded at $117.20, with a volume of 141,749 shares changing hands.
Several research firms have recently 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 raised their price objective on Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Barclays PLC reduced their price objective on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th. Goldman Sachs Group Inc. raised Jones Lang LaSalle from a “neutral” rating to a “buy” rating and set a $141.00 price objective for the company in a research note on Friday, May 20th. Finally, JMP Securities reissued a “buy” rating on shares of Jones Lang LaSalle in a research note on Wednesday, June 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $156.83.
The company has a 50 day moving average of $109.21 and a 200 day moving average of $111.91. The firm has a market capitalization of $5.27 billion and a price-to-earnings ratio of 12.90.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.09. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $2.05 EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Inc. will post $9.44 EPS for the current year.
In related news, Director Piazza Samuel A. Jr. Di acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was purchased at an average price of $112.00 per share, for a total transaction of $246,400.00. Following the transaction, the director now directly owns 2,763 shares of the company’s stock, valued at approximately $309,456. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Other hedge funds and institutional investors recently bought and sold shares of the company. Bridgewater Associates LP bought a new position in Jones Lang LaSalle during the fourth quarter valued at $2,261,000. Airain ltd acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $1,038,000. Trexquant Investment LP boosted its stake in shares of 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. Advisors Asset Management Inc. boosted its stake in shares of 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. Finally, Eaton Vance Management boosted its stake in shares of Jones Lang LaSalle by 2.2% in the fourth quarter. Eaton Vance Management now owns 14,000 shares of the company’s stock valued at $2,238,000 after buying an additional 300 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: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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