Fidelity Management & Research Co has recently announced that it has increased stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.63%. After grabbing 2.87 million shares, the institutional investor is now in possession of 17915.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 6.04% having worth around $456.68 million. Moreover, Vulcan Value Partners LLC increased its share by 0.4 million to have a control over 1.45 million shares. And Atlanta Capital Management Co. LL raised its holdings to 481.0 shares by acquiring 1.39 million shares or 2.92% of the stake.
Jones Lang LaSalle Incorporated (JLL) concluded trading on 01/18/23 at a closing price of $175.80, with 0.25 million shares of worth about $44.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.81% during that period and on Wednesday the price saw a loss of about -0.33%. Currently the company’s common shares owned by public are about 47.86M shares, out of which, 47.14M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the JLL stock and their offered price forecasts bring an average price target of $219.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $335.00 and could fall to a lowest price of $160.00. The stock’s current price level is 19.97% above of average price target set by the analysts, while a rise to estimated low would result in loss of -9.88% for the stock. However, touching the estimated high of $335.00 would mean a gain of 47.52% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 82 times over the past 12 months. They bought 131,519 shares in 61 of the transactions. In 21 selling transactions, insiders dumped 53,776 shares.
Vanguard Real Estate Index Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Jones Lang LaSalle Incorporated Vanguard Real Estate Index Fund is currently holding 2.16 million shares of worth totaling $344.71 million. The company recently came selling 53591.0 shares which brought its stake up to 4.56% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF sold 279.0 shares, after which its hold over company’s outstanding shares shrunk to 3.09%, leaving 1.46 million shares with the mutual fund that have a worth of about $233.37 million. Vanguard Total Stock Market Index, after buying 1.45 million shares, have now control over 3.05% of the stake in the company. It holds 10486.0 shares of worth $230.88 million.
Jones Lang LaSalle Incorporated (NYSE: JLL) started trading at $177.39, above $1.0 from concluding price of the previous day. However, the stock later moved at a day high price of 178.43, or with a loss of -0.33%. Stock saw a price change of 4.10% in past 5 days and over the past one month there was a price change of 8.40%. Year-to-date (YTD), JLL shares are showing a performance of 10.31% which decreased to -30.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $135.35 but also hit the highest price of $264.40 during that period. The average intraday trading volume for Jones Lang LaSalle Incorporated shares is 306.24K. The stock is currently trading 7.39% above its 20-day simple moving average (SMA20), while that difference is up 9.11% for SMA50 and it goes to -0.94% lower than SMA200.
Fidelity Management & Research Co acquired 2.87 million shares of Jones Lang LaSalle Incorporated having value of about $456.68 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 17915.0 shares in the company valued at close to $3149457.0, or have control over 0.63% stake in the company. Jones Lang LaSalle Incorporated (NYSE: JLL) currently have 47.86M outstanding shares and institutions hold larger chunk of about 98.10% of that. Holding of mutual funds in the company is about 40.82% while other institutional holders and individual stake holders have control over 56.59% and 2.81% of the stake respectively.
The stock has a current market capitalization of $8.22B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 9.88, while it has posted earnings per share of $17.79 in the same period. Its PEG reads 1.10 and has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JLL, volatility over the week remained 2.26% while standing at 2.46% over the month.
Analysts are in expectations that Jones Lang LaSalle Incorporated (JLL) stock would likely to be making an EPS of $4.48 in the current quarter, while forecast for next quarter EPS is $6.64 and it is $19.08 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.97 which is $5.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 139.90% while it is estimated to decrease by -0.97% in next year. EPS is likely to shrink at an annualized rate of 9.00% for next 5-years, compared to annual growth of 20.60% made by the stock over the past 5-years.
Analysts at 8 brokerage firms have issued recommendations for the Jones Lang LaSalle Incorporated (JLL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 8 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on April 05, 2022 offering a Sell rating for the stock and assigned a target price of $217 to it. Coverage by Wolfe Research stated Jones Lang LaSalle Incorporated (JLL) stock as an Outperform in their note to investors on June 15, 2021, suggesting a price target of $332 for the stock. On January 25, 2021, Goldman Initiated their recommendations, while on October 08, 2020, Keefe Bruyette Downgrade their ratings for the stock with a price target of $125. Stock get a Neutral rating from BofA/Merrill on November 26, 2019.