Jones Lang LaSalle (NYSE:JLL) Now Covered by JMP Securities

JMP Securities initiated coverage on shares of Jones Lang LaSalle (NYSE:JLL - Free Report) in a research note published on Monday morning,Benzinga reports. The firm issued a market perform rating on the financial services provider's stock.

Other equities research analysts have also issued research reports about the stock. Citigroup cut their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Keefe, Bruyette & Woods reduced their target price 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. UBS Group increased their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research 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, Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $310.00.

Jones Lang LaSalle Trading Up 0.5%

Shares of NYSE JLL traded up $1.39 during trading hours on Monday, hitting $262.19. The company's stock had a trading volume of 87,840 shares, compared to its average volume of 394,093. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 23.71 and a beta of 1.34. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $288.50. The business has a 50-day simple moving average of $240.68 and a 200-day simple moving average of $246.42.

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

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction 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 directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock valued at $34,000 after buying an additional 100 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $38,000. Western Pacific Wealth Management LP purchased a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $41,000. Finally, CIBC Private Wealth Group LLC boosted its stake in 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 valued at $62,000 after purchasing an additional 50 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

About Jones Lang LaSalle

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.