Jones Lang LaSalle (NYSE:JLL) Director Larry Quinlan Sells 402 Shares

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the transaction, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Larry Quinlan also recently made the following trade(s):

• On Friday, June 5th, Larry Quinlan sold 403 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $295.14, for a total value of $118,941.42.

Jones Lang LaSalle Trading Up 1.5%

Jones Lang LaSalle stock opened at $302.62 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a one year low of $233.14 and a one year high of $363.06. The stock has a market capitalization of $14.04 billion, a PE ratio of 16.27 and a beta of 1.29. The business’s fifty day moving average is $311.77 and its 200 day moving average is $320.55.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm posted $2.31 earnings per share. Jones Lang LaSalle’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on JLL shares. UBS Group raised their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Barclays raised their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JLL. Integrated Wealth Concepts LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at about $546,000. Empowered Funds LLC raised its stake in Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares during the period. EverSource Wealth Advisors LLC raised its stake in Jones Lang LaSalle by 33.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 126 shares during the period. Cresset Asset Management LLC raised its stake in Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $211,000. 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.