Jones Lang LaSalle Inc (NYSE:JLL) hit a new 52-week high on Wednesday . The stock traded as high as $161.43 and last traded at $161.46, with a volume of 126284 shares changing hands. The stock had previously closed at $159.44.
Several equities research analysts have recently weighed in on JLL shares. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Monday, February 5th. Wedbush set a $158.00 price target on Jones Lang LaSalle and gave the company a “hold” rating in a research report on Monday, February 12th. JMP Securities cut Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Finally, Raymond James Financial started coverage on Jones Lang LaSalle in a research report on Tuesday, February 6th. They set an “outperform” rating and a $175.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $151.38.
The stock has a market cap of $7,179.50, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.34.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm earned $3.95 earnings per share. Jones Lang LaSalle’s revenue was up 17.5% on a year-over-year basis. equities research analysts expect that Jones Lang LaSalle Inc will post 9.85 earnings per share for the current fiscal year.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the completion of the transaction, the director now owns 35 shares of the company’s stock, valued at $5,226.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Jones Lang LaSalle by 3.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 77 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Jones Lang LaSalle by 0.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,714 shares of the financial services provider’s stock worth $11,080,000 after purchasing an additional 360 shares in the last quarter. BB&T Corp grew its holdings in shares of Jones Lang LaSalle by 11.3% during the fourth quarter. BB&T Corp now owns 3,857 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 391 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Jones Lang LaSalle by 6.0% during the fourth quarter. Amalgamated Bank now owns 9,128 shares of the financial services provider’s stock worth $1,359,000 after purchasing an additional 515 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of Jones Lang LaSalle by 4.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 11,171 shares of the financial services provider’s stock worth $1,664,000 after purchasing an additional 521 shares in the last quarter. 92.40% of the stock is owned by institutional investors.
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About Jones Lang LaSalle
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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