Investors Buy Shares of Jones Lang LaSalle (JLL) on Weakness

Traders bought shares of Jones Lang LaSalle Inc (NYSE:JLL) on weakness during trading on Monday. $28.64 million flowed into the stock on the tick-up and $11.47 million flowed out of the stock on the tick-down, for a money net flow of $17.17 million into the stock. Of all companies tracked, Jones Lang LaSalle had the 32nd highest net in-flow for the day. Jones Lang LaSalle traded down ($0.22) for the day and closed at $158.23

JLL has been the topic of a number of research reports. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays upped their target price on Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $151.38.

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The stock has a market capitalization of $7,230.00, a PE ratio of 28.78, a P/E/G ratio of 1.46 and a beta of 1.85. The company has a current ratio of 1.34, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.70. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. Jones Lang LaSalle’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.95 EPS. equities research analysts predict that Jones Lang LaSalle Inc will post 9.85 EPS for the current fiscal year.

In related news, Director Martin H. Nesbitt sold 6,701 shares of the 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 completion of the sale, the director now directly owns 35 shares of the company’s stock, valued at approximately $5,226.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Jones Lang LaSalle by 4.7% in the 4th quarter. BlackRock Inc. now owns 4,460,055 shares of the financial services provider’s stock valued at $664,236,000 after purchasing an additional 202,060 shares during the period. Atlanta Capital Management Co. L L C grew its stake in Jones Lang LaSalle by 5.7% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,549,343 shares of the financial services provider’s stock valued at $230,744,000 after purchasing an additional 83,657 shares during the period. TCW Group Inc. grew its stake in Jones Lang LaSalle by 3.3% in the 3rd quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock valued at $110,545,000 after purchasing an additional 28,263 shares during the period. Clearbridge Investments LLC grew its stake in Jones Lang LaSalle by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 850,524 shares of the financial services provider’s stock valued at $126,669,000 after purchasing an additional 4,515 shares during the period. Finally, William Blair Investment Management LLC grew its stake in Jones Lang LaSalle by 3.6% in the 4th quarter. William Blair Investment Management LLC now owns 770,056 shares of the financial services provider’s stock valued at $114,684,000 after purchasing an additional 27,039 shares during the period. 92.40% of the stock is owned by institutional investors and hedge funds.

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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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