Brokerages Set Jones Lang LaSalle Inc (JLL) Price Target at $138.20

Shares of Jones Lang LaSalle Inc (NYSE:JLL) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $138.20.

A number of analysts have issued reports on the stock. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Friday. JMP Securities lowered shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Barclays boosted their price target on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday. Finally, Zacks Investment Research lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday.

Shares of Jones Lang LaSalle (JLL) opened at $151.67 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $6,880.73, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.85. Jones Lang LaSalle has a one year low of $101.83 and a one year high of $158.82.

In related news, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 35 shares of the company’s stock, valued at $5,226.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the transaction, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at $661,768.38. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Atlanta Capital Management Co. L L C boosted its holdings in Jones Lang LaSalle by 18.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock valued at $183,497,000 after purchasing an additional 229,831 shares in the last quarter. TCW Group Inc. boosted its holdings in Jones Lang LaSalle by 3.3% in the third quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock valued at $110,545,000 after purchasing an additional 28,263 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Jones Lang LaSalle by 14,443.2% in the second quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock valued at $80,206,000 after purchasing an additional 637,233 shares in the last quarter. Platinum Investment Management Ltd. boosted its holdings in shares of Jones Lang LaSalle by 109.0% in the second quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock valued at $79,326,000 after acquiring an additional 330,913 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Jones Lang LaSalle by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 628,395 shares of the financial services provider’s stock valued at $77,608,000 after acquiring an additional 55,020 shares during the period. 90.58% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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