Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give JLL a consensus rating of Moderate Buy from nine analysts (five buys, four holds) with an average 12‑month price target of $365.33.
• JLL topped Q1 expectations, reporting $3.43 EPS versus $3.01 estimated and revenue of $6.39 billion (up 11.1% year‑over‑year) versus $6.0 billion expected.
• Institutional investors own 94.8% of the stock, with recent large inflows including M&T Bank’s purchase of 3.86 million shares and new stakes from Norges Bank and Eurizon, indicating strong institutional interest.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $365.3333.

JLL has been the subject of several analyst reports. Zacks Research lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. UBS Group increased their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Finally, 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.

Insider Buying and Selling

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director directly owned 14,985 shares of the company's stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Bloxam sold 5,440 shares of the company's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JLL. M&T Bank Corp lifted its position in Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider's stock worth $1,300,201,000 after buying an additional 3,862,153 shares during the last quarter. AQR Capital Management LLC increased its position in Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider's stock valued at $302,697,000 after acquiring an additional 728,824 shares during the last quarter. Norges Bank purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $194,950,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $132,263,000. Finally, Millennium Management LLC boosted its stake in shares of Jones Lang LaSalle by 4,285.3% during the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider's stock worth $104,643,000 after purchasing an additional 342,821 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 0.8%

Shares of Jones Lang LaSalle stock opened at $328.11 on Friday. Jones Lang LaSalle has a 1-year low of $211.86 and a 1-year high of $363.06. The company's fifty day simple moving average is $315.11 and its 200-day simple moving average is $322.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $15.22 billion, a PE ratio of 17.64 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to analysts' expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $2.31 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle will post 22.35 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.