Jones Lang LaSalle (NYSE:JLL) CEO Sells $750,000.00 in 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 Friday, August 14th. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00. Following the transaction, the chief executive officer directly owned 146,418 shares in the company, valued at $54,906,750. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $375.00, for a total transaction of $750,000.00.

Jones Lang LaSalle Trading Up 5.1%

Jones Lang LaSalle stock opened at $389.86 on Thursday. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The stock has a market cap of $17.94 billion, a P/E ratio of 18.68 and a beta of 1.25. The company’s fifty day simple moving average is $332.19 and its 200-day simple moving average is $318.51.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter last year, the firm earned $3.30 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Several hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle during the third quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth $26,000. International Assets Investment Management LLC bought a new position in Jones Lang LaSalle during the fourth quarter worth $29,000. Activest Wealth Management raised its stake in 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 purchasing an additional 86 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Jones Lang LaSalle in the 2nd quarter valued at $34,000. Institutional investors own 94.80% of the company’s stock.

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.