Jones Lang LaSalle Incorporated (JLL) Downgraded by Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Jones Lang LaSalle Incorporated (NYSE:JLL) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday, The Fly reports.

JLL has been the topic of a number of other research reports. Barclays PLC boosted their price target on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the company an overweight rating in a report on Tuesday, July 18th. ValuEngine raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research report on Wednesday. Zacks Investment Research raised shares of Jones Lang LaSalle from a hold rating to a buy rating and set a $142.00 price objective on the stock in a research report on Tuesday, October 3rd. BidaskClub raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research report on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $133.57.

Shares of Jones Lang LaSalle (NYSE:JLL) traded up 0.47% during mid-day trading on Thursday, reaching $131.53. 362,130 shares of the company were exchanged. The company’s 50 day moving average price is $123.89 and its 200 day moving average price is $119.76. Jones Lang LaSalle has a 12 month low of $86.62 and a 12 month high of $134.76. The firm has a market capitalization of $5.96 billion, a PE ratio of 19.86 and a beta of 1.80.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle will post $8.22 earnings per share for the current year.

WARNING: “Jones Lang LaSalle Incorporated (JLL) Downgraded by Royal Bank Of Canada” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/15/jones-lang-lasalle-incorporated-jll-downgraded-by-royal-bank-of-canada.html.

In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total transaction of $123,070.00. Following the transaction, the director now directly owns 46,417 shares of the company’s stock, valued at $5,712,540.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

A number of hedge funds have recently bought and sold shares of JLL. UBS Asset Management Americas Inc. grew its position in Jones Lang LaSalle by 9.8% in the first quarter. UBS Asset Management Americas Inc. now owns 126,222 shares of the financial services provider’s stock worth $14,067,000 after acquiring an additional 11,315 shares in the last quarter. Victory Capital Management Inc. grew its position in Jones Lang LaSalle by 70.6% in the first quarter. Victory Capital Management Inc. now owns 7,719 shares of the financial services provider’s stock worth $860,000 after acquiring an additional 3,194 shares in the last quarter. AXA grew its position in Jones Lang LaSalle by 5.0% in the first quarter. AXA now owns 4,174 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 200 shares in the last quarter. OppenheimerFunds Inc. grew its position in Jones Lang LaSalle by 12.0% in the first quarter. OppenheimerFunds Inc. now owns 15,214 shares of the financial services provider’s stock worth $1,696,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Jones Lang LaSalle by 3.5% in the first quarter. Principal Financial Group Inc. now owns 184,441 sha

JLL has been the topic of a number of other research reports. Barclays PLC boosted their price target on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the company an overweight rating in a report on Tuesday, July 18th. ValuEngine raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research report on Wednesday. Zacks Investment Research raised shares of Jones Lang LaSalle from a hold rating to a buy rating and set a $142.00 price objective on the stock in a research report on Tuesday, October 3rd. BidaskClub raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research report on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $133.57.

Shares of Jones Lang LaSalle (NYSE:JLL) traded up 0.47% during mid-day trading on Thursday, reaching $131.53. 362,130 shares of the company were exchanged. The company’s 50 day moving average price is $123.89 and its 200 day moving average price is $119.76. Jones Lang LaSalle has a 12 month low of $86.62 and a 12 month high of $134.76. The firm has a market capitalization of $5.96 billion, a PE ratio of 19.86 and a beta of 1.80.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle will post $8.22 earnings per share for the current year.

WARNING: “Jones Lang LaSalle Incorporated (JLL) Downgraded by Royal Bank Of Canada” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/15/jones-lang-lasalle-incorporated-jll-downgraded-by-royal-bank-of-canada.html.

In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total transaction of $123,070.00. Following the transaction, the director now directly owns 46,417 shares of the company’s stock, valued at $5,712,540.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

A number of hedge funds have recently bought and sold shares of JLL. UBS Asset Management Americas Inc. grew its position in Jones Lang LaSalle by 9.8% in the first quarter. UBS Asset Management Americas Inc. now owns 126,222 shares of the financial services provider’s stock worth $14,067,000 after acquiring an additional 11,315 shares in the last quarter. Victory Capital Management Inc. grew its position in Jones Lang LaSalle by 70.6% in the first quarter. Victory Capital Management Inc. now owns 7,719 shares of the financial services provider’s stock worth $860,000 after acquiring an additional 3,194 shares in the last quarter. AXA grew its position in Jones Lang LaSalle by 5.0% in the first quarter. AXA now owns 4,174 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 200 shares in the last quarter. OppenheimerFunds Inc. grew its position in Jones Lang LaSalle by 12.0% in the first quarter. OppenheimerFunds Inc. now owns 15,214 shares of the financial services provider’s stock worth $1,696,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Jones Lang LaSalle by 3.5% in the first quarter. Principal Financial Group Inc. now owns 184,441 shares of the financial services provider’s stock worth $20,556,000 after acquiring an additional 6,199 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

The Fly

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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