Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $364.17

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $362.50.

JLL has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $311.03 on Friday. The business has a fifty day simple moving average of $337.01 and a 200-day simple moving average of $317.47. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $363.06. The company has a market cap of $14.57 billion, a P/E ratio of 18.95 and a beta of 1.42. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.50% and a net margin of 3.03%.The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.15 EPS. Equities research analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $330.24, for a total transaction of $1,651,200.00. Following the completion of the sale, the chief executive officer directly owned 129,445 shares in the company, valued at $42,747,916.80. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 15,000 shares of company stock worth $4,957,441 over the last 90 days. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp raised its position in Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares during the period. AQR Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after buying an additional 728,824 shares in the last quarter. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $160,187,000. Eurizon Capital SGR S.p.A. acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $132,263,000. Finally, EdgePoint Investment Group Inc. boosted its holdings in Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after acquiring an additional 386,184 shares during the period. Institutional investors and hedge funds 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.