Wall Street Zen lowered shares of Jones Lang LaSalle (NYSE:JLL - Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.
Other research analysts have also issued reports about the stock. Citigroup cut 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 research report on Wednesday, May 28th. Keefe, Bruyette & Woods lowered 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 report on Thursday, April 17th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $310.00.
View Our Latest Analysis on Jones Lang LaSalle
Jones Lang LaSalle Price Performance
Shares of JLL traded down $5.29 during trading hours on Friday, hitting $250.47. 204,073 shares of the company were exchanged, compared to its average volume of 352,989. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 22.75 and a beta of 1.34. 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 quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average is $237.75 and its 200 day moving average is $246.32.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $1.78 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.
Insider Activity at Jones Lang LaSalle
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 value of $65,441.75. Following the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.91% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock worth $34,000 after acquiring an additional 100 shares during the period. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $38,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $41,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after acquiring an additional 50 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.
About Jones Lang LaSalle
(
Get Free Report)
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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