Key Points
- Jones Lang LaSalle CEO Richard Bloxam sold 5,440 shares on March 24 at an average price of $296.94, for a total of $1,615,353.60, per an SEC filing.
- JLL beat expectations for the quarter (reported Feb. 18) with EPS $8.71 vs. $7.25 consensus and revenue of $7.61B vs. $7.45B, with revenue up 11.7% year-over-year.
- Analysts are generally positive, assigning a consensus "Moderate Buy" rating and an average price target of $363.17 after several recent upgrades and target adjustments.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Richard Bloxam sold 5,440 shares of the business's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jones Lang LaSalle Price Performance
JLL stock opened at $299.69 on Thursday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06. The firm has a market capitalization of $14.04 billion, a P/E ratio of 18.26 and a beta of 1.42. The company has a fifty day simple moving average of $320.38 and a two-hundred day simple moving average of $317.95. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping analysts' consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $6.15 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on JLL shares. Zacks Research raised Jones Lang LaSalle from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods decreased their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 24th. Weiss Ratings upgraded Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. UBS Group boosted their price objective on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Finally, Barclays reduced their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Moderate Buy" and an average price target of $363.17.
View Our Latest Report on JLL
Hedge Funds Weigh In On Jones Lang LaSalle
Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at $546,000. Empowered Funds LLC lifted its position in shares of Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider's stock worth $1,003,000 after purchasing an additional 2,711 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Jones Lang LaSalle by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 148,567 shares of the financial services provider's stock worth $38,003,000 after purchasing an additional 1,411 shares during the last quarter. MAI Capital Management boosted its stake in shares of Jones Lang LaSalle by 68.7% during the second quarter. MAI Capital Management now owns 474 shares of the financial services provider's stock valued at $121,000 after purchasing an additional 193 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Jones Lang LaSalle by 18.4% in the second quarter. Legal & General Group Plc now owns 131,297 shares of the financial services provider's stock worth $33,583,000 after purchasing an additional 20,429 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Company Profile
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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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