Jones Lang LaSalle (NYSE:JLL) Sets New 1-Year High – Should You Buy?

Jones Lang LaSalle Incorporated (NYSE:JLL)’s share price hit a new 52-week high on Thursday . The stock traded as high as $393.84 and last traded at $389.8620, with a volume of 429224 shares trading hands. The stock had previously closed at $371.03.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research analyst reports. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. UBS Group boosted their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays lifted their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.33.

Jones Lang LaSalle Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a 50 day moving average of $332.19 and a 200 day moving average of $318.51. The stock has a market capitalization of $17.94 billion, a P/E ratio of 18.68 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 earnings per share. Equities analysts predict that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current year.

Insider Activity

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief executive officer directly owned 144,418 shares of the company’s stock, valued at $54,156,750. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,805 shares of company stock worth $1,740,237. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently added to or reduced their stakes in JLL. BlackRock Inc. bought a new position in shares of Jones Lang LaSalle in the second quarter worth $1,446,414,000. M&T Bank Corp raised its stake 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 purchasing an additional 3,862,153 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Jones Lang LaSalle by 17.8% in the 4th 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 buying an additional 178,677 shares in the last quarter. Swedbank AB raised its position in shares of Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after buying an additional 4,543 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after acquiring an additional 15,995 shares during the period. Institutional investors own 94.80% of the company’s stock.

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.