BidaskClub downgraded shares of Jones Lang LaSalle Incorporated (NYSE:JLL) from a buy rating to a hold rating in a research report released on Monday, July 31st.
Several other analysts have also issued reports on JLL. UBS AG began coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a neutral rating and a $134.00 price target on the stock. ValuEngine lowered shares of Jones Lang LaSalle from a buy rating to a hold rating in a research report on Monday, July 24th. Barclays PLC boosted their price objective on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the company an overweight rating in a research note on Friday, June 9th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $120.00 price objective on shares of Jones Lang LaSalle in a research note on Friday, June 9th. Finally, Zacks Investment Research raised shares of Jones Lang LaSalle from a hold rating to a buy rating and set a $141.00 price objective for the company in a research note on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $133.43.
Jones Lang LaSalle (JLL) traded down 0.52% during midday trading on Monday, hitting $120.68. The stock had a trading volume of 159,233 shares. The company has a market cap of $5.47 billion, a P/E ratio of 18.22 and a beta of 1.81. Jones Lang LaSalle has a one year low of $86.62 and a one year high of $134.76. The stock’s 50-day moving average is $125.69 and its 200-day moving average is $115.61.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $1.93 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities analysts predict that Jones Lang LaSalle will post $8.08 EPS for the current fiscal year.
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In other news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $125.80, for a total value of $125,800.00. Following the completion of the sale, the director now owns 47,417 shares of the company’s stock, valued at approximately $5,965,058.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 3,000 shares of company stock valued at $361,240. Corporate insiders own 0.72% of the company’s stock.
Large investors have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Jones Lang LaSalle by 60.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock worth $178,000 after buying an additional 600 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Jones Lang LaSalle by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 14,400 shares of the financial services provider’s stock worth $1,604,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Jones Lang LaSalle by 9.0% in the first quarter. Capstone Asset Management Co. now owns 5,111 shares of the financial services provider’s stock worth $570,000 after buying an additional 420 shares during the period. First National Bank of Omaha acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $3,060,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $348,000. 88.66% of the stock is owned by institutional investors.
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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