Jones Lang LaSalle (NYSE:JLL) Shares Gap Up to $189.14

Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $189.14, but opened at $194.00. Jones Lang LaSalle shares last traded at $193.60, with a volume of 31,367 shares trading hands.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of analyst reports. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and set a $246.00 price target for the company in a research report on Wednesday. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.40.

Read Our Latest Research Report on JLL

Jones Lang LaSalle Trading Up 2.2 %

The business’s 50 day simple moving average is $184.21 and its two-hundred day simple moving average is $165.82. The stock has a market cap of $9.17 billion, a P/E ratio of 40.59 and a beta of 1.42. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.36 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of Jones Lang LaSalle during the first quarter valued at about $29,000. Exchange Traded Concepts LLC grew its position in Jones Lang LaSalle by 78.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd lifted its stake in shares of Jones Lang LaSalle by 61.3% during the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after buying an additional 57 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Jones Lang LaSalle by 126.0% during the 1st quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider’s stock valued at $40,000 after buying an additional 155 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at approximately $46,000. Institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

(Get Free Report)

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Further Reading

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.