Jones Lang LaSalle (NYSE:JLL) Coverage Initiated at JMP Securities

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

A number of other research analysts also recently commented on the stock. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. lowered their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group increased their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Citigroup decreased their price target 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. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and a consensus target price of $310.00.

Jones Lang LaSalle Stock Up 2.6%

NYSE JLL traded up $6.48 during trading hours on Monday, hitting $259.96. The company had a trading volume of 499,208 shares, compared to its average volume of 354,610. The firm's 50 day moving average is $240.00 and its 200 day moving average is $246.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 23.50 and a beta of 1.34. Jones Lang LaSalle has a fifty-two week low of $194.36 and a fifty-two week high of $288.50.

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

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction dated 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 trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Jones Lang LaSalle by 322.6% in 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. SVB Wealth LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth $38,000. Western Pacific Wealth Management LP acquired a new stake in Jones Lang LaSalle during the 1st quarter worth $41,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Jones Lang LaSalle by 25.0% in 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 period. Institutional investors and hedge funds own 94.80% of the company's stock.

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.