Jones Lang LaSalle Incorporated (NYSE:JLL) Given Average Rating of "Buy" by Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has received an average rating of "Buy" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $310.00.

Several brokerages have issued reports on JLL. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen lowered Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group raised their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. dropped their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup dropped their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the sale, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors have recently modified their holdings of JLL. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock worth $34,000 after purchasing an additional 100 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $33,000. SVB Wealth LLC acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $38,000. Western Pacific Wealth Management LP acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $41,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Down 0.9%

Shares of NYSE JLL opened at $257.40 on Friday. Jones Lang LaSalle has a 12-month low of $194.36 and a 12-month high of $288.50. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a market cap of $12.22 billion, a P/E ratio of 23.27 and a beta of 1.34. The business's fifty day simple moving average is $237.75 and its 200-day simple moving average is $246.44.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the firm earned $1.78 earnings per share. Jones Lang LaSalle's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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