Larry Quinlan Sells 403 Shares of Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 403 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This trade represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $305.54 on Wednesday. Jones Lang LaSalle Incorporated has a one year low of $231.48 and a one year high of $363.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The company has a 50 day moving average price of $312.21 and a 200 day moving average price of $321.25. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 16.43 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the business posted $2.31 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of 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. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, UBS Group increased their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $394.00.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently made changes to their positions in JLL. M&T Bank Corp increased its position in shares of Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $194,950,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $132,263,000. Finally, Millennium Management LLC boosted its stake in shares of 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 purchasing an additional 342,821 shares during the period. Institutional investors and hedge funds 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.