Jones Lang LaSalle (NYSE:JLL) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle (NYSE:JLL - Free Report) from a market perform rating to an outperform rating in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has $325.00 price target on the financial services provider's stock, up from their previous price target of $292.00.

A number of other research firms have also recently weighed in on JLL. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday. They issued a "buy" rating and a $352.00 price target on the stock. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of "Buy" and a consensus target price of $287.71.

Jones Lang LaSalle Stock Performance

NYSE JLL traded down $4.32 on Tuesday, hitting $268.69. 314,947 shares of the stock were exchanged, compared to its average volume of 287,241. The business's fifty day moving average is $268.62 and its 200 day moving average is $244.21. Jones Lang LaSalle has a 52 week low of $163.47 and a 52 week high of $288.50. The company has a market capitalization of $12.75 billion, a PE ratio of 27.17 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion during 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%. Jones Lang LaSalle's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $2.01 earnings per share. Research analysts anticipate that Jones Lang LaSalle will post 13.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JLL. Innealta Capital LLC acquired a new stake in Jones Lang LaSalle during the second quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $34,000. UMB Bank n.a. increased its position in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at about $37,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after purchasing an additional 39 shares during the period. 94.80% of the stock is owned by institutional investors.

About Jones Lang LaSalle

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.