Keefe, Bruyette & Woods Cuts Jones Lang LaSalle (NYSE:JLL) Price Target to $380.00

Jones Lang LaSalle (NYSE:JLL) had its target price cut by Keefe, Bruyette & Woods from $405.00 to $380.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays started coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, UBS Group lifted their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $362.50.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $322.71 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $15.12 billion, a P/E ratio of 19.67 and a beta of 1.42. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $363.06. The stock has a 50 day moving average of $336.43 and a 200-day moving average of $317.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the firm posted $6.15 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the sale, the chief executive officer directly owned 114,685 shares in the company, valued at $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 14,760 shares of company stock worth $4,878,238 over the last three months. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter worth $26,000. International Assets Investment Management LLC bought a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $29,000. Activest Wealth Management boosted its holdings in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Jones Lang LaSalle during the 4th quarter worth $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.