UBS Group Boosts Jones Lang LaSalle (NYSE:JLL) Price Target to $445.00

Jones Lang LaSalle (NYSE:JLL) had its target price hoisted by stock analysts at UBS Group from $425.00 to $445.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 26.91% from the company’s current price.

Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays lowered their price objective on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $365.33.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded up $5.07 during trading hours on Wednesday, hitting $350.66. The company’s stock had a trading volume of 387,004 shares, compared to its average volume of 512,580. The business has a 50 day moving average price of $308.38 and a two-hundred day moving average price of $319.49. Jones Lang LaSalle has a 12-month low of $211.86 and a 12-month high of $363.06. The company has a market cap of $16.43 billion, a PE ratio of 21.37 and a beta of 1.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 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 for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the business earned $6.15 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Analysts expect that Jones Lang LaSalle will post 21.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently made changes to their positions in JLL. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $29,000. Activest Wealth Management increased its stake in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $35,000. Finally, Chilton Capital Management LLC increased its stake in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 33 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Company Profile

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.