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

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer owned 140,418 shares of the company’s stock, valued at $54,135,351.54. The trade was a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction 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 Trading Down 0.3%

NYSE:JLL traded down $1.22 during midday trading on Thursday, reaching $388.99. 144,587 shares of the stock traded hands, compared to its average volume of 447,772. The stock has a market capitalization of $17.90 billion, a P/E ratio of 18.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The company has a fifty day moving average of $332.19 and a 200 day moving average of $318.51. 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 results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same quarter last year, the firm earned $3.30 EPS. The company’s revenue was up 10.8% on a year-over-year basis. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $546,000. Empowered Funds LLC grew its stake in Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after purchasing an additional 2,711 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Jones Lang LaSalle by 33.8% in the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 126 shares in the last quarter. Cresset Asset Management LLC lifted its position in Jones Lang LaSalle by 28.4% during the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after buying an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $211,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Barclays upped their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. One equities research 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’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average 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.