Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $407.00

Jones Lang LaSalle (NYSE:JLL) had its price objective upped by The Goldman Sachs Group from $361.00 to $407.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on JLL. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. 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 report on Friday, October 10th. Finally, Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average target price of $340.67.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $325.28 on Wednesday. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 27.97 and a beta of 1.46. 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 stock’s fifty day moving average price is $303.45 and its 200 day moving average price is $278.25. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $335.83.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 EPS. As a group, equities research analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were 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 139,685 shares of the company’s stock, valued at $46,142,146.05. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently bought and sold shares of the business. EdgePoint Investment Group Inc. raised its stake in shares of Jones Lang LaSalle by 21.0% during 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 buying an additional 386,184 shares during the period. Select Equity Group L.P. increased 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 worth $263,298,000 after acquiring an additional 357,469 shares in the last quarter. Swedbank AB raised its position in Jones Lang LaSalle by 5.4% during the third quarter. Swedbank AB now owns 989,199 shares of the financial services provider’s stock worth $295,058,000 after acquiring an additional 51,050 shares during the period. Invesco Ltd. lifted its holdings in Jones Lang LaSalle by 1.8% during the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock valued at $238,479,000 after purchasing an additional 17,336 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $160,187,000. 94.80% of the stock is owned by institutional investors and hedge funds.

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.