Jones Lang LaSalle (NYSE:JLL) Stock Gets Downgrade from Wall Street Zen

Jones Lang LaSalle (NYSE:JLL) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

JLL has been the topic of several other reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods decreased their target price on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $427.60.

Jones Lang LaSalle Stock Down 0.1%

Shares of NYSE JLL opened at $359.53 on Friday. The stock’s fifty day moving average is $331.39 and its 200 day moving average is $324.51. Jones Lang LaSalle has a 52 week low of $259.83 and a 52 week high of $393.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market capitalization of $16.42 billion, a P/E ratio of 15.56 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share for the quarter, topping the consensus estimate of $6.15 by $0.61. Jones Lang LaSalle had a return on equity of 15.05% and a net margin of 3.89%. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the company posted $4.50 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Sell-side analysts forecast that Jones Lang LaSalle will post 25.16 earnings per share for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Jones Lang LaSalle in the second quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in Jones Lang LaSalle during the 2nd quarter valued at about $34,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at about $35,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $38,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at approximately $63,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.