ValuEngine upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a hold rating to a buy rating in a report released on Sunday, December 31st.
A number of other research analysts have also recently commented on the company. Royal Bank of Canada lowered Jones Lang LaSalle from an outperform rating to a sector perform rating in a report on Thursday, October 12th. Zacks Investment Research upgraded Jones Lang LaSalle from a hold rating to a buy rating and set a $142.00 price target for the company in a report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $133.57.
Jones Lang LaSalle (NYSE:JLL) opened at $153.87 on Friday. Jones Lang LaSalle has a 52-week low of $97.60 and a 52-week high of $155.89. The company has a market capitalization of $6,980.00, a PE ratio of 20.63, a PEG ratio of 1.53 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.41. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. sell-side analysts predict that Jones Lang LaSalle will post 8.41 EPS for the current fiscal year.
In related news, CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at approximately $661,768.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the transaction, the director now directly owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in JLL. Schwab Charles Investment Management Inc. grew its position in Jones Lang LaSalle by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock worth $20,280,000 after purchasing an additional 9,944 shares during the period. Legal & General Group Plc grew its position in Jones Lang LaSalle by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 79,900 shares of the financial services provider’s stock worth $9,986,000 after purchasing an additional 4,713 shares during the period. Federated Investors Inc. PA grew its position in Jones Lang LaSalle by 11.6% during the 2nd quarter. Federated Investors Inc. PA now owns 22,958 shares of the financial services provider’s stock worth $2,870,000 after purchasing an additional 2,383 shares during the period. Victory Capital Management Inc. grew its position in Jones Lang LaSalle by 21.6% during the 2nd quarter. Victory Capital Management Inc. now owns 9,390 shares of the financial services provider’s stock worth $1,174,000 after purchasing an additional 1,671 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Jones Lang LaSalle by 21.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,433 shares of the financial services provider’s stock worth $1,804,000 after purchasing an additional 2,554 shares during the period. 90.55% of the stock is currently owned by institutional investors.
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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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