Jones Lang LaSalle Inc (NYSE:JLL) – Research analysts at Wedbush upped their Q2 2018 earnings estimates for Jones Lang LaSalle in a report released on Monday. Wedbush analyst J. Weaver now forecasts that the financial services provider will earn $2.00 per share for the quarter, up from their prior estimate of $1.99. Wedbush has a “Hold” rating and a $158.00 price target on the stock. Wedbush also issued estimates for Jones Lang LaSalle’s Q3 2018 earnings at $2.07 EPS and FY2019 earnings at $10.96 EPS.
A number of other brokerages also recently issued reports on JLL. William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research report on Friday, February 2nd. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Monday, February 5th. JMP Securities downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Raymond James Financial started coverage on Jones Lang LaSalle in a report on Tuesday, February 6th. They issued an “outperform” rating and a $175.00 target price on the stock. Finally, ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $151.38.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.22 by $0.70. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.95 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Advisory Services Network LLC boosted its holdings in shares of Jones Lang LaSalle by 814.6% during the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 725 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $206,000. Parametrica Management Ltd acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $212,000. Levin Capital Strategies L.P. acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $223,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $233,000. 90.77% of the stock is currently owned by institutional investors.
In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the sale, the director now owns 35 shares of the company’s stock, valued at approximately $5,226.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.
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About Jones Lang LaSalle
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.
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