Jones Lang LaSalle (NYSE:JLL) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Barclays initiated coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $350.71.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $349.87 on Friday. 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 has a 52 week low of $194.36 and a 52 week high of $356.57. The stock has a market capitalization of $16.51 billion, a P/E ratio of 26.83 and a beta of 1.42. The stock has a fifty day moving average of $324.92 and a 200-day moving average of $301.19.

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

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle 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 transaction, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at approximately $44,490,496.05. The trade was a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is owned by company insiders.

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 the stock. SG Americas Securities LLC increased its position in Jones Lang LaSalle by 457.4% during the 4th quarter. SG Americas Securities LLC now owns 11,677 shares of the financial services provider’s stock valued at $3,929,000 after purchasing an additional 9,582 shares during the period. Carr Financial Group Corp acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $216,000. True Wealth Design LLC raised its stake in Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Jones Lang LaSalle by 443.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,742 shares of the financial services provider’s stock valued at $4,820,000 after buying an additional 11,213 shares during the period. Finally, NorthCrest Asset Manangement LLC bought a new stake in Jones Lang LaSalle during the fourth quarter valued at $842,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Company Profile

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.