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

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief executive officer directly owned 144,418 shares in the company, valued at $54,156,750. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christian Ulbrich also recently made the following trade(s):

• 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 Price Performance

NYSE:JLL traded up $3.53 during midday trading on Tuesday, hitting $373.84. The company had a trading volume of 195,742 shares, compared to its average volume of 448,490. The company has a market capitalization of $17.20 billion, a PE ratio of 17.96 and a beta of 1.24. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $376.85. The stock’s fifty day moving average price is $329.04 and its 200-day moving average price is $318.18.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 earnings per share. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Keefe, Bruyette & Woods lifted 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. Finally, Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average target price of $423.33.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Jones Lang LaSalle in the 2nd quarter worth $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth about $29,000. Activest Wealth Management grew its stake in shares of Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 86 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Jones Lang LaSalle during the 4th quarter valued at about $35,000. 94.80% of the stock is 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.