Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $401.00

Jones Lang LaSalle (NYSE:JLL) had its price target raised by Barclays from $368.00 to $401.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other research firms have also weighed in on JLL. Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, UBS Group raised their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $423.33.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $389.86 on Monday. The business has a 50-day simple moving average of $332.19 and a two-hundred day simple moving average of $318.51. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle has a 52 week low of $259.83 and a 52 week high of $393.84. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 18.68 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.30 EPS. On average, analysts expect that Jones Lang LaSalle will post 24.18 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief executive officer owned 144,418 shares in the company, valued at approximately $54,156,750. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. 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. Insiders sold 4,805 shares of company stock worth $1,740,237 in the last three months. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $29,000. Activest Wealth Management grew its holdings in shares of Jones Lang LaSalle by 1,720.0% in the fourth 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 in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Jones Lang LaSalle in the second quarter valued at $34,000. 94.80% of the stock is owned by institutional investors.

About Jones Lang LaSalle

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.