Jones Lang LaSalle (NYSE:JLL) Sets New 12-Month High – Still a Buy?

Jones Lang LaSalle Incorporated (NYSE:JLL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $340.49 and last traded at $340.21, with a volume of 62952 shares traded. The stock had previously closed at $336.65.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Finally, UBS Group lifted their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average target price of $342.14.

Jones Lang LaSalle Price Performance

The company has a 50-day moving average price of $313.51 and a 200-day moving average price of $290.03. The firm has a market capitalization of $16.01 billion, a P/E ratio of 26.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31.

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

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the sale, the chief executive officer owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 20,000 shares of company stock valued at $6,609,091 over the last ninety days. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Jones Lang LaSalle during the first quarter worth about $38,000. Finally, Caldwell Trust Co bought a new position in shares of Jones Lang LaSalle during the second quarter worth about $38,000. 94.80% of the stock is owned by institutional investors.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.