Jones Lang LaSalle (NYSE:JLL) Price Target Lowered to $305.00 at UBS Group

Jones Lang LaSalle (NYSE:JLL - Free Report) had its price target reduced by UBS Group from $340.00 to $305.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the financial services provider's stock.

Other research analysts have also recently issued research reports about the company. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 22nd. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $323.33.

Jones Lang LaSalle Trading Down 3.0 %

NYSE:JLL traded down $6.57 during mid-day trading on Friday, hitting $208.95. 210,469 shares of the company's stock were exchanged, compared to its average volume of 312,215. The firm has a market capitalization of $9.90 billion, a P/E ratio of 18.51 and a beta of 1.22. The company has a 50 day simple moving average of $251.60 and a 200-day simple moving average of $260.96. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.23 EPS. As a group, research analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $35,000. Principal Securities Inc. boosted its stake in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after buying an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

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.