Insider Selling: Jones Lang LaSalle (NYSE:JLL) CEO Sells 2,000 Shares

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Friday, August 14th. The stock was sold at an average price of $375.00, for a total transaction of $750,000.00. Following the sale, the chief executive officer directly owned 146,418 shares of the company’s stock, valued at $54,906,750. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded down $3.54 during trading on Monday, hitting $371.46. 100,984 shares of the stock traded hands, compared to its average volume of 448,655. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 17.77 and a beta of 1.24. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $375.71. The firm’s fifty day moving average is $327.57 and its 200-day moving average is $318.09.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.30 EPS. Research analysts expect that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently bought and sold shares of the business. Bamco Inc. NY bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $46,815,000. Bank of America Corp DE bought a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $83,791,000. Man Group plc purchased a new stake in Jones Lang LaSalle in the second quarter worth $10,955,000. Jupiter Topco LLC bought a new stake in Jones Lang LaSalle in the second quarter valued at $27,139,000. Finally, Hsbc Holdings PLC purchased a new position in Jones Lang LaSalle during the 2nd quarter valued at $1,592,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on JLL shares. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays increased their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $423.33.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.