Jones Lang LaSalle Inc (NYSE:JLL) – William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a research note issued to investors on Wednesday. William Blair analyst S. Sheldon forecasts that the financial services provider will post earnings per share of $0.50 for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Jones Lang LaSalle’s Q2 2018 earnings at $2.13 EPS, Q3 2018 earnings at $2.14 EPS, Q4 2018 earnings at $5.35 EPS, FY2018 earnings at $10.12 EPS and FY2019 earnings at $10.76 EPS.
A number of other research firms have also commented on JLL. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Monday, February 5th. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Raymond James Financial started coverage on Jones Lang LaSalle in a research note on Tuesday, February 6th. They set an “outperform” rating and a $175.00 price objective on the stock. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Barclays raised their price objective on Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $146.00.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping the Zacks’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company earned $3.95 EPS. The company’s revenue was up 17.5% on a year-over-year basis.
In other news, Director Martin H. Nesbitt sold 6,701 shares of Jones Lang LaSalle stock in a transaction on Monday, December 11th. The stock was 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 approximately $5,226.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the transaction, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of Jones Lang LaSalle by 814.6% during the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 725 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $206,000. Parametrica Management Ltd acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $212,000. Levin Capital Strategies L.P. acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $223,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $233,000. 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.
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