Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $297.00

Jones Lang LaSalle (NYSE:JLL - Get Free Report) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $280.00 to $297.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 13.14% from the stock's previous close.

JLL has been the subject of several other reports. Citigroup cut their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Citizens Jmp assumed coverage on Jones Lang LaSalle in a report on Monday. They set a "market perform" rating for the company. JMP Securities assumed coverage on Jones Lang LaSalle in a report on Monday. They set a "market perform" rating for the company. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.43.

Jones Lang LaSalle Stock Up 0.7%

NYSE:JLL traded up $1.71 during trading hours on Thursday, hitting $262.51. 109,074 shares of the company's stock traded hands, compared to its average volume of 394,277. The firm has a market cap of $12.46 billion, a P/E ratio of 23.73 and a beta of 1.34. Jones Lang LaSalle has a twelve month low of $194.36 and a twelve month 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 stock's fifty day moving average price is $240.68 and its two-hundred day moving average price is $246.42.

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 earnings per share for the quarter, beating the consensus estimate 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%. Jones Lang LaSalle's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. On average, research analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the business. New Age Alpha Advisors LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $7,099,000. Bridges Investment Management Inc. increased its stake in shares of Jones Lang LaSalle by 120.0% in the first quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock worth $1,102,000 after purchasing an additional 2,426 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Jones Lang LaSalle by 34.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after purchasing an additional 2,252 shares during the period. Truist Financial Corp increased its stake in shares of Jones Lang LaSalle by 13.2% in the first quarter. Truist Financial Corp now owns 206,987 shares of the financial services provider's stock worth $51,314,000 after purchasing an additional 24,159 shares during the period. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $271,000. 94.80% of the stock is currently owned by 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.

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