Jones Lang LaSalle (NYSE:JLL) Upgraded by Wolfe Research to Outperform Rating

Wolfe Research upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a peer perform rating to an outperform rating in a report issued on Monday morning, MarketBeat reports. Wolfe Research currently has $353.00 target price on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $271.50.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $283.71 on Monday. The stock’s fifty day moving average is $265.81 and its 200-day moving average is $238.72. Jones Lang LaSalle has a 52 week low of $153.26 and a 52 week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $13.46 billion, a PE ratio of 28.69 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.01 earnings per share. Equities research analysts expect that Jones Lang LaSalle will post 13.17 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds have recently made changes to their positions in JLL. Tidal Investments LLC acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $218,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $146,000. Sanctuary Advisors LLC increased its position in shares of Jones Lang LaSalle by 19.2% in the third quarter. Sanctuary Advisors LLC now owns 2,809 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 453 shares during the period. TCW Group Inc. raised its stake in Jones Lang LaSalle by 10.6% in the third quarter. TCW Group Inc. now owns 293,589 shares of the financial services provider’s stock valued at $79,213,000 after purchasing an additional 28,084 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Jones Lang LaSalle by 9.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,885 shares of the financial services provider’s stock valued at $509,000 after buying an additional 165 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.