Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $394.00 Average Target Price from Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $394.00.

JLL has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th.

Insider Activity at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently made changes to their positions in JLL. M&T Bank Corp increased its position in shares of Jones Lang LaSalle by 184,969.0% during the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after buying an additional 3,862,153 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Jones Lang LaSalle by 17.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after acquiring an additional 178,677 shares during the period. Swedbank AB grew its stake in Jones Lang LaSalle by 0.5% during the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after acquiring an additional 4,543 shares in the last quarter. Geode Capital Management LLC grew its stake in Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after acquiring an additional 15,995 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Jones Lang LaSalle by 426.7% during the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after acquiring an additional 728,824 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

JLL stock opened at $327.58 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The firm has a market cap of $15.20 billion, a PE ratio of 17.61 and a beta of 1.27. The business has a 50 day moving average of $306.07 and a 200-day moving average of $318.76. Jones Lang LaSalle has a 12-month low of $246.07 and a 12-month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. As a group, sell-side analysts expect that Jones Lang LaSalle will post 22.84 earnings per share for the current year.

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.