Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Rating of “Moderate Buy” from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $394.40.

A number of brokerages have recently commented on JLL. Barclays lifted their target price on shares of Jones Lang LaSalle from $366.00 to $368.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction 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 transaction, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JLL. M&T Bank Corp lifted its position in Jones Lang LaSalle by 184,969.0% in 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 purchasing an additional 3,862,153 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Jones Lang LaSalle by 17.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock worth $397,209,000 after buying an additional 178,677 shares in the last quarter. Swedbank AB lifted its holdings in shares of Jones Lang LaSalle by 0.5% in the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after buying an additional 4,543 shares during the period. Geode Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 1.6% in 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 buying an additional 15,995 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Jones Lang LaSalle by 426.7% during the fourth 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 and hedge funds.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $343.18 on Wednesday. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 18.45 and a beta of 1.27. The firm’s fifty day simple moving average is $308.88 and its 200-day simple moving average is $317.00. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle has a twelve month low of $259.83 and a twelve month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced 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. The firm had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 earnings per share. Equities analysts forecast that Jones Lang LaSalle will post 22.86 EPS for the current fiscal year.

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.