Jones Lang LaSalle (NYSE:JLL) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Jones Lang LaSalle from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $427.60.
• JLL exceeded quarterly expectations, reporting $6.76 in EPS versus the $6.15 consensus estimate and $7.28 billion in revenue, up 11.8% year over year.
• Shares opened at $359.53, with a market capitalization of $16.42 billion; institutional investors hold approximately 94.8% of the stock, while insiders have recently sold shares.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms have also weighed in on JLL. Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, October 9th. Citigroup reissued a "market perform" rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Barclays increased their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $427.60.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $359.53 on Friday. The firm has a market capitalization of $16.42 billion, a PE ratio of 15.56 and a beta of 1.30. The company has a quick ratio of 2.40, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $331.39 and a two-hundred day moving average price of $324.51. Jones Lang LaSalle has a twelve month low of $259.83 and a twelve month high of $393.84.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.61. The company had revenue of $7.28 billion for the quarter, compared to analyst estimates of $7.24 billion. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.50 earnings per share. Equities analysts forecast that Jones Lang LaSalle will post 25.22 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer owned 138,418 shares of the company's stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,000 shares of company stock valued at $2,271,060. Company insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Jones Lang LaSalle in the second quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $34,000. Reyes Financial Architecture Inc. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $35,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at about $38,000. Finally, Rakuten Securities Inc. purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at about $63,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL's services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.

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