Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) PT at $355.83

Jones Lang LaSalle Incorporated (NYSE:JLL) has received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $364.1667.

Several analysts have recently weighed in on JLL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, UBS Group upped their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday.

Insider Activity

In other news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,000 shares of company stock worth $6,609,091 in the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JLL. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at $25,000. Chilton Capital Management LLC acquired a new position in Jones Lang LaSalle during the 2nd quarter valued at about $26,000. Activest Wealth Management boosted its stake in shares of Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $38,000. Finally, Quent Capital LLC bought a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $41,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 0.3%

Shares of NYSE JLL opened at $357.62 on Wednesday. Jones Lang LaSalle has a 52-week low of $194.36 and a 52-week high of $363.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The business has a fifty day moving average of $340.76 and a two-hundred day moving average of $310.54. The stock has a market cap of $16.88 billion, a PE ratio of 27.42 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. As a group, equities research analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

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.