Zacks Research Downgrades Jones Lang LaSalle (NYSE:JLL) to Hold

Jones Lang LaSalle (NYSE:JLL) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

JLL has been the topic of several other reports. UBS Group increased their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Barclays increased their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $325.19 on Thursday. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 17.48 and a beta of 1.27. Jones Lang LaSalle has a 12 month low of $258.19 and a 12 month high of $363.06. 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 stock has a 50-day moving average price of $306.87 and a 200 day moving average price of $317.42.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company posted $2.31 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle will post 22.85 EPS for the current year.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently made changes to their positions in JLL. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $25,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle in the fourth quarter valued at about $29,000. Activest Wealth Management increased its holdings in shares of Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Finally, Bayforest Capital Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $55,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.