Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Andrew W. Poppink Sells 275 Shares

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer now directly owns 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Jones Lang LaSalle Trading Up 3.9%

Shares of JLL opened at $254.09 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 22.97 and a beta of 1.31. The firm has a 50 day moving average price of $229.85 and a 200-day moving average price of $246.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JLL shares. Keefe, Bruyette & Woods reduced their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 13th. Citigroup decreased their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Finally, UBS Group dropped their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $305.00.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Jones Lang LaSalle during the 1st quarter valued at $33,000. SVB Wealth LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at $38,000. Western Pacific Wealth Management LP bought a new stake in Jones Lang LaSalle in the 1st quarter worth $41,000. Finally, Principal Securities Inc. increased its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares during the period. 94.80% of the stock is currently 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.