Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $394.00

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $394.00.

Several analysts recently weighed in on JLL shares. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. UBS Group lifted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Barclays increased their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th.

Insider Activity

In other news, Director Larry Quinlan sold 402 shares of the firm’s 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 completion of the transaction, the director owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Integrated Wealth Concepts LLC purchased a new position in Jones Lang LaSalle in the first quarter valued at $546,000. Empowered Funds LLC raised its position in Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 33.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after buying an additional 126 shares during the period. Cresset Asset Management LLC grew its position in shares of Jones Lang LaSalle by 28.4% during the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after buying an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new stake in Jones Lang LaSalle in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 1.8%

NYSE JLL opened at $325.19 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $15.09 billion, a P/E ratio of 17.48 and a beta of 1.27. The firm’s 50-day moving average is $306.87 and its two-hundred day moving average is $317.42. Jones Lang LaSalle has a 12 month low of $258.19 and a 12 month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the firm earned $2.31 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that Jones Lang LaSalle will post 22.85 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.