Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) - Analysts at William Blair lifted their FY2024 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a research report issued to clients and investors on Wednesday, November 6th. William Blair analyst S. Sheldon now anticipates that the financial services provider will post earnings of $13.79 per share for the year, up from their prior forecast of $12.08. The consensus estimate for Jones Lang LaSalle's current full-year earnings is $12.59 per share. William Blair also issued estimates for Jones Lang LaSalle's Q4 2024 earnings at $5.95 EPS, Q2 2025 earnings at $3.05 EPS, Q3 2025 earnings at $4.17 EPS and Q4 2025 earnings at $6.54 EPS.
A number of other equities analysts have also weighed in on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Raymond James increased their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $246.80.
Check Out Our Latest Stock Analysis on JLL
Jones Lang LaSalle Price Performance
NYSE:JLL traded up $3.58 on Friday, reaching $269.02. 347,178 shares of the company's stock traded hands, compared to its average volume of 287,053. Jones Lang LaSalle has a 12 month low of $136.83 and a 12 month high of $288.50. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.77 billion, a PE ratio of 26.83 and a beta of 1.37. The stock has a 50-day simple moving average of $262.71 and a 200-day simple moving average of $231.27.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released 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. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 14.8% on a year-over-year basis.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in 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 valued at $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV increased its position in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after buying an additional 39 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Finally, Huntington National Bank grew its stake in Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
About Jones Lang LaSalle
(
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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.
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