Key Points
- CEO insider sales: Christian Ulbrich sold 240 shares on Nov. 28 at an average of $330.01 for ~$79,202 and had sold 5,000 shares on Nov. 25 at ~$330.33, leaving him with 134,445 shares (a 0.18% reduction).
- Solid results and bullish analyst moves: JLL reported quarterly EPS of $4.50 (vs. $4.24 est.) and revenue of $6.51B (+10.9% YoY), while several analysts have raised targets (Goldman Sachs to $407) and the consensus rating is a "Moderate Buy" with a $340.67 target.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 240 shares of the firm's stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $330.01, for a total value of $79,202.40. Following the transaction, the chief executive officer owned 134,445 shares in the company, valued at $44,368,194.45. This represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Christian Ulbrich also recently made the following trade(s):
- On Tuesday, November 25th, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $330.33, for a total value of $1,651,650.00.
Jones Lang LaSalle Stock Performance
Shares of JLL opened at $323.47 on Tuesday. The company's 50 day simple moving average is $303.66 and its 200-day simple moving average is $279.44. The firm has a market cap of $15.27 billion, a PE ratio of 27.81 and a beta of 1.46. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $335.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.26. The firm had revenue of $6.51 billion during the quarter, compared to analysts' expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 EPS. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Analyst Ratings Changes
Several analysts have commented on JLL shares. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Wall Street Zen raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 8th. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a "buy" rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.67.
Get Our Latest Analysis on Jones Lang LaSalle
Institutional Investors Weigh In On Jones Lang LaSalle
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cambria Investment Management L.P. increased its holdings in shares of Jones Lang LaSalle by 9.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 1,140 shares of the financial services provider's stock valued at $340,000 after purchasing an additional 100 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Jones Lang LaSalle during the third quarter worth about $3,714,000. Wilmington Savings Fund Society FSB increased its holdings in Jones Lang LaSalle by 25.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 730 shares of the financial services provider's stock valued at $218,000 after buying an additional 147 shares in the last quarter. First Affirmative Financial Network acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $215,000. Finally, Crown Advisors Management Inc. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $2,386,000. Institutional investors and hedge funds own 94.80% of the company's stock.
About Jones Lang LaSalle
(
Get Free Report)
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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