Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $364.1667.

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group increased 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. Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th.

Jones Lang LaSalle Price Performance

JLL opened at $314.07 on Friday. Jones Lang LaSalle has a twelve month low of $194.36 and a twelve month high of $363.06. The company has a current ratio of 2.23, a quick ratio of 2.31 and a debt-to-equity ratio of 0.10. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 19.14 and a beta of 1.42. The company has a fifty day simple moving average of $337.97 and a 200 day simple moving average of $316.75.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $6.15 EPS. Equities research analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $546,000. Empowered Funds LLC boosted its position in Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Jones Lang LaSalle during the 2nd quarter worth $307,000. DekaBank Deutsche Girozentrale increased its position in Jones Lang LaSalle by 8.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,712 shares of the financial services provider’s stock worth $694,000 after buying an additional 217 shares during the period. Finally, Whittier Trust Co. lifted its stake in Jones Lang LaSalle by 40.9% in the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock valued at $56,000 after buying an additional 63 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

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.