Q3 EPS Estimate for Jones Lang LaSalle Reduced by Analyst

Jones Lang LaSalle Incorporated (NYSE:JLL) – Stock analysts at Zacks Research decreased their Q3 2027 earnings estimates for Jones Lang LaSalle in a report released on Thursday, June 11th. Zacks Research analyst Team now forecasts that the financial services provider will earn $6.26 per share for the quarter, down from their prior estimate of $6.31. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $22.80 per share.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 earnings per share.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays upped their target price on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, UBS Group upped their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $394.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $298.15 on Friday. Jones Lang LaSalle has a fifty-two week low of $233.14 and a fifty-two week high of $363.06. The stock has a market capitalization of $13.83 billion, a PE ratio of 16.03 and a beta of 1.29. The company has a fifty day moving average of $312.12 and a two-hundred day moving average of $321.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds have recently modified their holdings of the company. Greenleaf Trust grew its holdings in shares of Jones Lang LaSalle by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 30 shares during the period. Assetmark Inc. grew its holdings in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 30 shares during the period. IFP Advisors Inc grew its holdings in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after purchasing 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 first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after purchasing 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 fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the sale, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% 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.