Jones Lang LaSalle (NYSE:JLL) Given New $372.00 Price Target at JPMorgan Chase & Co.

Jones Lang LaSalle (NYSE:JLL) had its target price lifted by JPMorgan Chase & Co. from $285.00 to $372.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. UBS Group increased their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. JMP Securities initiated coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. Citigroup lowered their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. The Goldman Sachs Group raised their price target on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $328.57.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $304.62 on Tuesday. The company has a fifty day moving average price of $270.15 and a 200-day moving average price of $249.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 26.19 and a beta of 1.38. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $308.61.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the sale, the chief executive officer directly owned 10,297 shares of the company’s stock, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $33,000. SVB Wealth LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter valued at approximately $38,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Jones Lang LaSalle in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.