Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) PT at $342.14

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $342.1429.

Several research analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Saturday. Barclays assumed coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. UBS Group upped their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 5,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 134,685 shares in the company, valued at approximately $44,490,496.05. The trade was a 3.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 20,000 shares of company stock valued at $6,609,091 in the last three months. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth about $160,187,000. Swedbank AB increased its holdings in Jones Lang LaSalle by 115.0% during the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after acquiring an additional 501,716 shares during the period. EdgePoint Investment Group Inc. lifted its stake in Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after purchasing an additional 386,184 shares in the last quarter. Select Equity Group L.P. boosted its holdings in Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock valued at $263,298,000 after purchasing an additional 357,469 shares during the period. Finally, Millennium Management LLC grew its position in shares of Jones Lang LaSalle by 4,285.3% during the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after purchasing an additional 342,821 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 4.0%

Shares of JLL stock opened at $349.17 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $16.48 billion, a P/E ratio of 26.78 and a beta of 1.42. The company has a 50 day moving average of $321.41 and a 200-day moving average of $298.25. Jones Lang LaSalle has a 12-month low of $194.36 and a 12-month high of $349.69.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle will post 16.45 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.