Jones Lang LaSalle (NYSE:JLL) Sets New 1-Year High - What's Next?

Key Points

• Jones Lang LaSalle's stock reached a new 52-week high, trading up to $298.70, with analysts issuing a mixed outlook, including price target adjustments from various firms.
• The company reported $3.30 earnings per share for the last quarter, surpassing expectations and showing an 11% revenue increase year-over-year.
• Institutional investors own approximately 94.8% of Jones Lang LaSalle's stock, with significant recent acquisitions and stake increases from multiple funds.

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $298.70 and last traded at $297.59, with a volume of 151952 shares changing hands. The stock had previously closed at $292.92.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. JMP Securities started coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating for the company. The Goldman Sachs Group upped their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating on the stock. Finally, Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and a consensus price target of $316.14.

Jones Lang LaSalle Trading Up 1.1%

The company has a market capitalization of $14.03 billion, a PE ratio of 25.46 and a beta of 1.38. The business's 50-day simple moving average is $259.92 and its two-hundred day simple moving average is $248.08. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.55 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the firm's 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 owned 10,297 shares in the company, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norden Group LLC acquired a new position in shares of Jones Lang LaSalle during the first quarter worth approximately $287,000. PNC Financial Services Group Inc. increased its stake in Jones Lang LaSalle by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock valued at $646,000 after purchasing an additional 262 shares in the last quarter. Bridges Investment Management Inc. increased its stake in 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 valued at $1,102,000 after purchasing an additional 2,426 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Jones Lang LaSalle in the first quarter valued at approximately $8,164,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Jones Lang LaSalle by 34.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after acquiring an additional 2,252 shares in the last quarter. Institutional investors 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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