Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $410.00

Jones Lang LaSalle (NYSE:JLL) had its price objective hoisted by UBS Group from $360.00 to $410.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

JLL has been the topic of several other research reports. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. The Goldman Sachs Group raised 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $364.17.

Jones Lang LaSalle Trading Down 0.3%

JLL opened at $357.62 on Wednesday. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $363.06. The firm has a 50-day moving average price of $340.76 and a two-hundred day moving average price of $310.54. The stock has a market capitalization of $16.88 billion, a PE ratio of 27.42 and a beta of 1.42. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results 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 net margin of 2.49% and a return on equity of 11.10%. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. Jones Lang LaSalle’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at $38,096,063.30. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 20,000 shares of company stock valued at $6,609,091 in the last quarter. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenleaf Trust raised its position in shares of Jones Lang LaSalle by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 30 shares during the period. Assetmark Inc. raised its holdings in Jones Lang LaSalle by 15.8% during the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after buying an additional 30 shares during the period. Chilton Capital Management LLC lifted its stake in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares in the last quarter. Southeast Asset Advisors LLC increased its position in shares of Jones Lang LaSalle by 0.7% during the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 39 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Jones Lang LaSalle by 7.9% during the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 40 shares during the period. 94.80% of the stock is currently owned by institutional investors.

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.