Jones Lang LaSalle (NYSE:JLL) Reaches New 12-Month High – Still a Buy?

by · The Cerbat Gem

Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $357.11 and last traded at $355.82, with a volume of 51073 shares. The stock had previously closed at $354.01.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JLL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Barclays assumed coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $350.71.

Check Out Our Latest Research Report on JLL

Jones Lang LaSalle Price Performance

The company’s fifty day moving average is $329.24 and its two-hundred day moving average is $303.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 27.35 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period last year, the company posted $3.50 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 20,000 shares of company stock valued at $6,609,091 over the last three months. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC raised its position in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,149 shares of the financial services provider’s stock valued at $2,405,000 after purchasing an additional 215 shares in the last quarter. Nilsine Partners LLC bought a new position in Jones Lang LaSalle during the 4th quarter worth approximately $212,000. Yarbrough Capital LLC grew its position in shares of Jones Lang LaSalle by 70.8% in the 4th quarter. Yarbrough Capital LLC now owns 1,988 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 824 shares in the last quarter. Neumann Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $202,000. Finally, Pallas Capital Advisors LLC acquired a new position in Jones Lang LaSalle in the fourth quarter worth $807,000. 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 (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

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