Jones Lang LaSalle (NYSE:JLL) Director Sells $118,941.42 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Trading Down 2.4%

Shares of JLL opened at $298.30 on Thursday. The stock has a fifty day moving average of $312.24 and a two-hundred day moving average of $321.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $13.84 billion, a PE ratio of 16.04 and a beta of 1.29. Jones Lang LaSalle Incorporated has a fifty-two week low of $233.14 and a fifty-two week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.31 EPS. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current year.

Institutional Trading of Jones Lang LaSalle

Several institutional investors have recently made changes to their positions in JLL. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $29,000. Activest Wealth Management grew its stake in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $35,000. Finally, True Wealth Design LLC grew its stake in shares of Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group boosted their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays boosted their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

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.