Jones Lang LaSalle (JLL) Receives New Coverage from Analysts at Raymond James Financial

Equities researchers at Raymond James Financial assumed coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research note issued to investors on Tuesday. The firm set an “outperform” rating and a $175.00 price target on the financial services provider’s stock. Raymond James Financial’s price target indicates a potential upside of 19.27% from the stock’s previous close.

A number of other research firms have also issued reports on JLL. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Friday. Barclays increased their target price on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday. Finally, William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $146.00.

Jones Lang LaSalle (JLL) traded up $0.66 on Tuesday, hitting $146.72. The stock had a trading volume of 15,504 shares, compared to its average volume of 215,868. The stock has a market capitalization of $6,880.73, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.48 and a beta of 1.85. Jones Lang LaSalle has a one year low of $101.83 and a one year high of $158.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60.

In other Jones Lang LaSalle news, CEO Jeff A. Jacobson sold 6,713 shares of the firm’s 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 transaction, the chief executive officer now directly owns 4,489 shares in the company, valued at $661,768.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the transaction, the director now owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in shares of Jones Lang LaSalle by 32.5% in the third quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 1,945 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Jones Lang LaSalle by 3.2% in the third quarter. California Public Employees Retirement System now owns 122,140 shares of the financial services provider’s stock valued at $15,084,000 after purchasing an additional 3,840 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Jones Lang LaSalle by 51.5% in the third quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock valued at $42,575,000 after purchasing an additional 117,160 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Jones Lang LaSalle by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock valued at $75,070,000 after purchasing an additional 12,871 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Jones Lang LaSalle by 31.7% in the third quarter. Sei Investments Co. now owns 20,364 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 4,907 shares during the last quarter. Institutional investors own 90.58% of the company’s stock.

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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.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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