Jones Lang LaSalle Inc (NYSE:JLL) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $133.57.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded 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 note on Tuesday, October 3rd. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th.
In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the sale, the director now directly owns 35 shares in the company, valued at $5,226.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the sale, the chief executive officer now owns 4,489 shares in the company, valued at $661,768.38. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of JLL. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $105,000. Schroder Investment Management Group boosted its stake in shares of Jones Lang LaSalle by 406.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 883 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Jones Lang LaSalle by 3.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 44 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $206,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $212,000. Institutional investors own 90.58% of the company’s stock.
Jones Lang LaSalle (NYSE:JLL) traded down $1.34 during trading hours on Monday, reaching $152.56. 189,700 shares of the company were exchanged, compared to its average volume of 244,029. Jones Lang LaSalle has a 1-year low of $97.60 and a 1-year high of $155.89. The company has a market capitalization of $6,950.00, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.91. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.41. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the firm earned $1.42 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts anticipate that Jones Lang LaSalle will post 8.41 EPS for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.37 per share. This represents a yield of 0.52%. This is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. The ex-dividend date of this dividend was Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio is presently 9.92%.
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About Jones Lang LaSalle
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.
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