Jones Lang LaSalle Incorporated $JLL Stock Sold by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 48.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,250 shares of the financial services provider’s stock after selling 2,100 shares during the period. Perryman Financial Advisory Inc. AD’s holdings in Jones Lang LaSalle were worth $687,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $6,504,000. Tidal Investments LLC grew its holdings in shares of Jones Lang LaSalle by 47.9% during the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock worth $24,306,000 after purchasing an additional 25,413 shares in the last quarter. Moran Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter worth about $4,405,000. Principal Financial Group Inc. grew its holdings in shares of Jones Lang LaSalle by 279.6% during the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Jones Lang LaSalle by 36.3% in the first quarter. Lazard Asset Management LLC now owns 11,087 shares of the financial services provider’s stock worth $3,374,000 after purchasing an additional 2,955 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock worth $2,271,060 in the last quarter. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lifted their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Citigroup restated a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $427.60.

Jones Lang LaSalle Price Performance

Shares of JLL traded down $5.86 during midday trading on Friday, reaching $304.93. The stock had a trading volume of 428,613 shares, compared to its average volume of 465,007. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 14.61 and a beta of 1.30. The company’s 50-day moving average is $341.98 and its 200 day moving average is $326.30. 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 announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $3.30 EPS. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 25.07 EPS for the current fiscal year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.