Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $405.00 at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $390.00 to $405.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 15.06% from the company’s current price.

A number of other brokerages have also recently commented on JLL. The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group boosted their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $350.71.

Jones Lang LaSalle Stock Down 0.2%

Shares of NYSE JLL traded down $0.72 during mid-day trading on Thursday, reaching $352.00. The company had a trading volume of 32,753 shares, compared to its average volume of 388,171. The firm has a 50 day simple moving average of $323.18 and a two-hundred day simple moving average of $299.42. Jones Lang LaSalle has a 52-week low of $194.36 and a 52-week high of $356.57. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $16.61 billion, a P/E ratio of 26.92 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. Jones Lang LaSalle’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Sell-side analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the company’s 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 represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new position in Jones Lang LaSalle in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. Quent Capital LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at $41,000. Finally, Root Financial Partners LLC purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at $44,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.