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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $357.11 and last traded at $355.82, with a volume of 51073 shares. The stock had previously closed at $354.01.

Analyst Ratings Changes

Several research firms have issued reports on JLL. Keefe, Bruyette & Woods increased 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. UBS Group lifted their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Barclays assumed coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price for the company. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.71.

Jones Lang LaSalle Stock Performance

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 50 day moving average price of $329.24 and a two-hundred day moving average price of $303.11. The company has a market cap of $16.83 billion, a P/E ratio of 27.35 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Activity

In related news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the sale, the chief executive officer owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The sale 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 90 days. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth approximately $38,000. Finally, Quent Capital LLC purchased a new position in Jones Lang LaSalle in the third quarter worth approximately $41,000. 94.80% of the stock is currently owned by hedge funds and other 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.