Jones Lang LaSalle (JLL) Issues Earnings Results, Beats Expectations By $0.70 EPS

Jones Lang LaSalle (NYSE:JLL) announced its quarterly earnings data on Wednesday. The financial services provider reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.70, Bloomberg Earnings reports. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business posted $3.95 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis.

Jones Lang LaSalle (NYSE JLL) traded up $3.48 during trading hours on Wednesday, hitting $150.02. 93,664 shares of the stock traded hands, compared to its average volume of 226,211. Jones Lang LaSalle has a twelve month low of $101.83 and a twelve month high of $158.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $6,626.22, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.40 and a beta of 1.85.

Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JMP Securities lowered shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Barclays boosted their price target on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Monday. Finally, William Blair restated an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $146.00.

In related news, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the completion of the transaction, the director now owns 35 shares in the company, valued at approximately $5,226.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeff A. Jacobson sold 6,713 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now owns 4,489 shares of the company’s stock, valued at approximately $661,768.38. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KBC Group NV raised its stake in shares of Jones Lang LaSalle by 7.0% during the 4th quarter. KBC Group NV now owns 48,043 shares of the financial services provider’s stock worth $7,156,000 after acquiring an additional 3,131 shares in the last quarter. Swiss National Bank raised its stake in shares of Jones Lang LaSalle by 0.4% during the 4th quarter. Swiss National Bank now owns 167,100 shares of the financial services provider’s stock worth $24,886,000 after acquiring an additional 600 shares in the last quarter. California Public Employees Retirement System grew its position in Jones Lang LaSalle by 8.2% during the 4th quarter. California Public Employees Retirement System now owns 132,176 shares of the financial services provider’s stock worth $19,685,000 after purchasing an additional 10,036 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $6,864,000. Finally, WCM Investment Management CA grew its position in Jones Lang LaSalle by 779.7% during the 4th quarter. WCM Investment Management CA now owns 71,479 shares of the financial services provider’s stock worth $10,645,000 after purchasing an additional 63,354 shares during the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Earnings History for Jones Lang LaSalle (NYSE:JLL)

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