Jones Lang LaSalle (NYSE:JLL) Research Coverage Started at Barclays

Barclays assumed coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $351.00 target price on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. UBS Group lifted their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $342.14.

Jones Lang LaSalle Trading Down 0.7%

Jones Lang LaSalle stock opened at $327.36 on Tuesday. Jones Lang LaSalle has a 52-week low of $194.36 and a 52-week high of $335.83. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 25.10 and a beta of 1.44. The firm has a 50-day moving average price of $304.95 and a two-hundred day moving average price of $280.74.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The company had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 EPS. Sell-side analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00. Following the completion of the transaction, the chief executive officer directly owned 134,685 shares in the company, valued at approximately $44,490,496.05. This represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently made changes to their positions in JLL. Allworth Financial LP boosted its holdings in Jones Lang LaSalle by 38.4% in the third quarter. Allworth Financial LP now owns 263 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 73 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Jones Lang LaSalle by 7.9% in the 3rd quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 40 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Jones Lang LaSalle by 76.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 2,176 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 946 shares in the last quarter. Cambria Investment Management L.P. raised its holdings in Jones Lang LaSalle by 9.6% during the third quarter. Cambria Investment Management L.P. now owns 1,140 shares of the financial services provider’s stock worth $340,000 after buying an additional 100 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at about $3,714,000. 94.80% of the stock is owned by institutional investors and hedge funds.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.