Jones Lang LaSalle (JLL) Now Covered by Analysts at Raymond James Financial
Raymond James Financial started coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research note published on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $175.00 target price on the financial services provider’s stock.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a hold rating to a buy rating and set a $170.00 target price on the stock in a report on Monday, February 5th. William Blair restated an outperform rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. ValuEngine upgraded shares of Jones Lang LaSalle from a hold rating to a buy rating in a report on Friday, February 2nd. Barclays upped their target price on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the company an overweight rating in a report on Tuesday, January 30th. Finally, JMP Securities lowered shares of Jones Lang LaSalle from an outperform rating to a market perform rating in a report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $146.00.
Shares of Jones Lang LaSalle (NYSE JLL) opened at $150.22 on Tuesday. The company has a market cap of $6,872.56, a PE ratio of 27.07, a P/E/G ratio of 1.46 and a beta of 1.85. Jones Lang LaSalle has a 12 month low of $101.83 and a 12 month high of $158.82. The company has a quick ratio of 1.60, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the transaction, the director now directly owns 35 shares in the company, valued at approximately $5,226.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now owns 4,489 shares in the company, valued at $661,768.38. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in shares of Jones Lang LaSalle by 814.6% during the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 725 shares during the period. M&T Bank Corp purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $206,000. Parametrica Management Ltd purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $212,000. Levin Capital Strategies L.P. acquired a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $223,000. Finally, Clinton Group Inc. acquired a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $224,000. Institutional investors and hedge funds own 90.58% of the company’s stock.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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