Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $433.60.

Several research firms have weighed in on JLL. Barclays lifted their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th.

Insider Activity

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock valued at $2,271,060 over the last ninety days. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. California State Teachers Retirement System lifted its stake in shares of Jones Lang LaSalle by 30,596.1% in the 2nd quarter. California State Teachers Retirement System now owns 16,836,174 shares of the financial services provider’s stock valued at $5,218,372,000 after purchasing an additional 16,781,326 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at about $1,446,414,000. Geode Capital Management LLC raised its stake in shares of Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after acquiring an additional 15,995 shares in the last quarter. Norges Bank acquired a new stake in Jones Lang LaSalle in the 4th quarter worth approximately $194,950,000. Finally, Principal Financial Group Inc. lifted its holdings in Jones Lang LaSalle by 279.6% in the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $344.06 on Thursday. The stock has a fifty day moving average of $353.29 and a 200-day moving average of $324.40. The company has a market capitalization of $15.83 billion, a PE ratio of 16.49 and a beta of 1.24. Jones Lang LaSalle has a one year low of $259.83 and a one year high of $393.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 earnings per share. As a group, equities analysts anticipate that Jones Lang LaSalle will post 25.05 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.