Key Points
- CEO Christian Ulbrich sold 5,000 JLL shares on Nov 25 at an average price of $330.33 for about $1.65 million, reducing his stake by 3.46% to 139,685 shares worth roughly $46.14 million.
- Jones Lang LaSalle beat expectations in its latest quarter with $4.50 EPS (vs. $4.24 consensus) and revenue of $6.51 billion, up 10.9% year-over-year.
- Analysts have been raising targets and ratings (consensus price target about $340.67), and the stock is trading near its 52-week high (~$335.83), supported by heavy institutional ownership (~94.8%).
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 5,000 shares of the company's stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total value of $1,651,650.00. Following the transaction, the chief executive officer directly owned 139,685 shares in the company, valued at $46,142,146.05. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jones Lang LaSalle Trading Down 0.1%
NYSE:JLL opened at $330.26 on Thursday. The stock's 50-day moving average is $303.10 and its two-hundred day moving average is $277.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $15.59 billion, a PE ratio of 28.40 and a beta of 1.46. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $335.83.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same quarter in the prior year, the business earned $3.50 EPS. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Jones Lang LaSalle
Hedge funds have recently bought and sold shares of the company. Norden Group LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $287,000. PNC Financial Services Group Inc. raised its holdings in Jones Lang LaSalle by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock worth $646,000 after purchasing an additional 262 shares during the last quarter. Bank of Montreal Can grew its position in shares of Jones Lang LaSalle by 22.6% during the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider's stock worth $2,442,000 after buying an additional 1,761 shares during the period. Acadian Asset Management LLC raised its stake in shares of Jones Lang LaSalle by 270.3% during the first quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider's stock worth $6,206,000 after buying an additional 18,287 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Jones Lang LaSalle by 5.7% in the second quarter. Nordea Investment Management AB now owns 193,901 shares of the financial services provider's stock valued at $49,389,000 after buying an additional 10,527 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. UBS Group lifted their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Wall Street Zen raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group boosted their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Moderate Buy" and a consensus price target of $340.67.
Get Our Latest Report on Jones Lang LaSalle
Jones Lang LaSalle Company Profile
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Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.
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