Jones Lang LaSalle Inc (NYSE:JLL) had its price objective hoisted by investment analysts at JMP Securities from $118.00 to $132.00 in a research report issued on Monday, May 8th. The brokerage currently has an “outperform” rating on the financial services provider’s stock. JMP Securities’ target price would indicate a potential upside of 19.41% from the stock’s previous close.
Several other brokerages have also commented on JLL. Barclays PLC reiterated an “overweight” rating and issued a $123.00 price target (up from $119.00) on shares of Jones Lang LaSalle in a research note on Friday, March 3rd. William Blair upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating in a research note on Friday, March 24th. Zacks Investment Research lowered shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of Jones Lang LaSalle in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $126.83.
Shares of Jones Lang LaSalle (NYSE:JLL) traded up 1.41% on Monday, hitting $112.10. 194,697 shares of the stock traded hands. Jones Lang LaSalle has a 52-week low of $86.62 and a 52-week high of $126.80. The stock’s 50 day moving average price is $111.77 and its 200 day moving average price is $106.46. The stock has a market cap of $5.08 billion, a P/E ratio of 16.85 and a beta of 1.67.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Friday, May 5th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.46 billion. Jones Lang LaSalle had a net margin of 4.68% and a return on equity of 13.14%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Jones Lang LaSalle will post $7.99 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, May 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 11th. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.33. This represents a dividend yield of 0.57%. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 9.48%.
In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $115.44, for a total transaction of $115,440.00. Following the completion of the sale, the director now directly owns 48,847 shares of the company’s stock, valued at $5,638,897.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock worth $484,647,000 after buying an additional 4,195,662 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $71,515,000. Vulcan Value Partners LLC increased its stake in Jones Lang LaSalle by 123.4% in the fourth quarter. Vulcan Value Partners LLC now owns 1,234,908 shares of the financial services provider’s stock worth $124,775,000 after buying an additional 682,134 shares during the period. Generation Investment Management LLP increased its stake in Jones Lang LaSalle by 26.0% in the third quarter. Generation Investment Management LLP now owns 2,787,972 shares of the financial services provider’s stock worth $317,243,000 after buying an additional 575,246 shares during the period. Finally, Harbor Spring Capital LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter worth $37,224,000. 89.27% of the stock is owned by institutional investors.
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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