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 Jones Lang LaSalle stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total value of $750,000.00. Following the transaction, the chief executive officer owned 142,418 shares of the company’s stock, valued at $53,406,750. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, August 20th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $385.53, for a total value of $771,060.00.
• 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 Stock Performance

JLL opened at $384.84 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The business has a fifty day simple moving average of $333.92 and a 200 day simple moving average of $318.70. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84. The company has a market capitalization of $17.71 billion, a PE ratio of 18.44 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 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 period last year, the firm earned $3.30 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current year.

Analysts Set New Price Targets

JLL has been the subject of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays lifted their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $423.33.

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the third quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $26,000. International Assets Investment Management LLC purchased a new position in Jones Lang LaSalle in the fourth quarter worth $29,000. Activest Wealth Management increased its position 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 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 worth approximately $34,000. 94.80% of the stock is currently owned by 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.