Jones Lang LaSalle (NYSE:JLL) Shares Down 10.8% – What’s Next?

Jones Lang LaSalle Incorporated (NYSE:JLL)’s share price fell 10.8% during trading on Wednesday . The company traded as low as $310.44 and last traded at $308.9830. 285,643 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 406,112 shares. The stock had previously closed at $346.24.

Analysts Set New Price Targets

JLL has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. UBS Group upped their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $364.17.

Jones Lang LaSalle Price Performance

The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $340.58 and its 200 day moving average price is $315.32. The firm has a market capitalization of $13.62 billion, a PE ratio of 22.14 and a beta of 1.42.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the transaction, the chief executive officer owned 134,685 shares in the company, valued at approximately $44,490,496.05. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 20,000 shares of company stock worth $6,609,091. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. M&T Bank Corp boosted its position 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 worth $1,300,201,000 after purchasing an additional 3,862,153 shares in the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $160,187,000. Eurizon Capital SGR S.p.A. purchased a new stake in Jones Lang LaSalle during the fourth quarter worth $132,263,000. EdgePoint Investment Group Inc. grew its position in Jones Lang LaSalle by 21.0% during the second quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock valued at $568,222,000 after buying an additional 386,184 shares during the period. Finally, Millennium Management LLC increased its holdings in Jones Lang LaSalle by 4,285.3% in the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after buying an additional 342,821 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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.