BidaskClub lowered shares of Jones Lang LaSalle Incorporated (NYSE:JLL) from a buy rating to a hold rating in a research report sent to investors on Monday, July 31st.
Other research analysts have also issued research reports about the company. Barclays PLC lifted their price target on Jones Lang LaSalle from $123.00 to $130.00 and gave the stock an overweight rating in a report on Friday, June 9th. ValuEngine cut Jones Lang LaSalle from a buy rating to a hold rating in a research note on Friday, June 2nd. UBS AG began coverage on Jones Lang LaSalle in a report on Wednesday, July 26th. They set a neutral rating and a $134.00 price objective on the stock. Keefe, Bruyette & Woods reissued a hold rating and issued a $120.00 target price on shares of Jones Lang LaSalle in a report on Friday, June 9th. Finally, Bank of America Corporation restated a buy rating and issued a $140.00 price objective on shares of Jones Lang LaSalle in a research report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $133.43.
Shares of Jones Lang LaSalle (NYSE JLL) traded up 0.21% on Monday, reaching $116.95. 198,350 shares of the company were exchanged. The stock has a market capitalization of $5.30 billion, a PE ratio of 17.66 and a beta of 1.81. Jones Lang LaSalle has a 12-month low of $86.62 and a 12-month high of $134.76. The firm has a 50 day moving average price of $125.55 and a 200-day moving average price of $116.26.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 EPS. On average, analysts predict that Jones Lang LaSalle will post $8.16 EPS for the current fiscal year.
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In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the director now owns 48,342 shares of the company’s stock, valued at $5,801,040. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 3,000 shares of company stock worth $368,870 over the last 90 days. Insiders own 0.72% of the company’s stock.
Several hedge funds have recently made changes to their positions in JLL. First Citizens Bank & Trust Co. bought a new stake in shares of Jones Lang LaSalle during the first quarter worth $348,000. BTIM Corp. raised its position in Jones Lang LaSalle by 3.8% in the first quarter. BTIM Corp. now owns 89,337 shares of the financial services provider’s stock worth $9,956,000 after buying an additional 3,309 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock worth $122,000 after buying an additional 58 shares during the last quarter. Nationwide Fund Advisors raised its position in Jones Lang LaSalle by 4.1% in the first quarter. Nationwide Fund Advisors now owns 78,282 shares of the financial services provider’s stock worth $8,725,000 after buying an additional 3,093 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Jones Lang LaSalle by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the financial services provider’s stock worth $1,271,000 after buying an additional 200 shares during the last quarter. 89.14% of the stock is owned by institutional investors.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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