Jones Lang LaSalle (NYSE:JLL) Sets New 1-Year High – What’s Next?

Jones Lang LaSalle Incorporated (NYSE:JLL) shares reached a new 52-week high during trading on Thursday. The company traded as high as $395.79 and last traded at $388.3610, with a volume of 28,981 shares. The stock had previously closed at $390.33.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Wall Street Zen downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $427.60.

Jones Lang LaSalle Trading Down 3.6%

The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $330.91 and its two-hundred day moving average price is $325.03. The firm has a market cap of $17.19 billion, a PE ratio of 16.29 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.15 by $0.61. The firm had revenue of $7.28 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.50 earnings per share. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 25.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock valued at $2,271,060 in the last quarter. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $6,504,000. Tidal Investments LLC increased its stake in shares of Jones Lang LaSalle by 47.9% during the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock valued at $24,306,000 after acquiring an additional 25,413 shares during the period. Principal Financial Group Inc. increased its stake in shares of Jones Lang LaSalle by 279.6% during the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after acquiring an additional 316,299 shares during the period. Lazard Asset Management LLC raised its holdings in Jones Lang LaSalle by 36.3% during the first quarter. Lazard Asset Management LLC now owns 11,087 shares of the financial services provider’s stock worth $3,374,000 after purchasing an additional 2,955 shares in the last quarter. Finally, Ranger Investment Management L.P. bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $21,780,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.