Jones Lang LaSalle (NYSE:JLL) Now Covered by Citizens Jmp

Analysts at Citizens Jmp assumed coverage on shares of Jones Lang LaSalle (NYSE:JLL - Get Free Report) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a "market perform" rating on the financial services provider's stock.

A number of other research analysts have also recently commented on JLL. Citigroup dropped their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. 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 report on Wednesday, July 2nd. Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $310.00.

Jones Lang LaSalle Stock Up 0.6%

JLL opened at $253.50 on Monday. Jones Lang LaSalle has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. 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 company has a market capitalization of $12.03 billion, a P/E ratio of 22.92 and a beta of 1.34. The stock has a fifty day moving average of $240.00 and a 200-day moving average of $246.32.

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 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. Jones Lang LaSalle's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. On average, equities analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Jones Lang LaSalle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JLL. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. grew 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 buying an additional 100 shares during the period. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $38,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $41,000. Finally, CIBC Private Wealth Group LLC grew 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 buying 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.

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