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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $394.00.

Several research firms have commented on JLL. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Barclays raised their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. UBS Group lifted their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th.

Jones Lang LaSalle Stock Up 0.9%

JLL opened at $284.85 on Tuesday. The business has a 50 day moving average price of $312.20 and a two-hundred day moving average price of $321.40. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The company has a market cap of $13.21 billion, a PE ratio of 15.31 and a beta of 1.29. Jones Lang LaSalle has a 52 week low of $217.21 and a 52 week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. The firm had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 EPS. As a group, research analysts anticipate that Jones Lang LaSalle will post 22.61 EPS for the current year.

Insider Buying and Selling

In related news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by insiders.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of JLL. Greenleaf Trust grew its holdings in shares of Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 30 shares during the period. Assetmark Inc. grew its holdings in shares of Jones Lang LaSalle by 15.8% in the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 30 shares during the period. IFP Advisors Inc grew its holdings in shares of Jones Lang LaSalle by 7.9% in the 3rd 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. Hilton Head Capital Partners LLC grew its holdings in shares of Jones Lang LaSalle by 40.4% in the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 42 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Jones Lang LaSalle by 10.6% in the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 47 shares during the period. 94.80% of the stock is currently owned by hedge funds and other 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.