Jones Lang LaSalle (NYSE:JLL) Stock Price Expected to Rise, UBS Group Analyst Says

Jones Lang LaSalle (NYSE:JLL - Get Free Report) had its price target lifted by analysts at UBS Group from $305.00 to $340.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. UBS Group's target price indicates a potential upside of 31.27% from the company's current price.

JLL has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of 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. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup cut their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $310.00.

Jones Lang LaSalle Trading Up 0.8%

JLL traded up $2.13 during trading on Wednesday, reaching $259.01. 243,680 shares of the stock traded hands, compared to its average volume of 346,778. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average is $232.73 and its 200 day moving average is $246.33. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $288.50. The stock has a market capitalization of $12.29 billion, a PE ratio of 23.42 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping 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%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. Equities analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

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

Institutional Trading of Jones Lang LaSalle

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA raised its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the period. US Bancorp DE boosted its stake in Jones Lang LaSalle by 7.0% in the fourth quarter. US Bancorp DE now owns 2,264 shares of the financial services provider's stock valued at $573,000 after acquiring an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Jones Lang LaSalle by 763.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,278 shares of the financial services provider's stock valued at $324,000 after acquiring an additional 1,130 shares during the period. Victory Capital Management Inc. raised its stake in shares of Jones Lang LaSalle by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 23,294 shares of the financial services provider's stock valued at $5,897,000 after buying an additional 81 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Jones Lang LaSalle by 23.2% during the 4th quarter. Atria Investments Inc now owns 6,683 shares of the financial services provider's stock worth $1,692,000 after acquiring an additional 1,260 shares during the period. 94.80% of the stock is owned by hedge funds and other 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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