Jones Lang LaSalle (NYSE:JLL) CEO Christian Ulbrich Sells 2,000 Shares of Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer directly owned 140,418 shares in the company, valued at $54,135,351.54. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christian Ulbrich also recently made the following trade(s):

• On Tuesday, August 18th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $375.00, for a total value of $750,000.00.
• On Friday, August 14th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $375.00, for a total transaction of $750,000.00.

Jones Lang LaSalle Price Performance

JLL stock opened at $384.84 on Friday. The firm has a 50 day moving average of $333.92 and a 200-day moving average of $318.70. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 18.44 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share 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 return on equity of 13.99% and a net margin of 3.64%.Jones Lang LaSalle’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 earnings per share. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Barclays lifted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $423.33.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $1,446,414,000. M&T Bank Corp grew its holdings in Jones Lang LaSalle by 184,969.0% in the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after buying an additional 3,862,153 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Jones Lang LaSalle by 17.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after acquiring an additional 178,677 shares during the last quarter. Swedbank AB lifted its holdings in shares of Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after acquiring an additional 4,543 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Jones Lang LaSalle by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after acquiring an additional 15,995 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.