Key Points
- CEO Christian Ulbrich sold 5,000 JLL shares on Dec. 3 at an average price of $330.24 for $1,651,200, leaving him with 129,445 shares — a 3.72% reduction in his position.
- The Dec. 3 sale continues recent insider selling: Ulbrich also sold 5,000 shares on Nov. 25 and 240 shares on Nov. 28, totaling roughly $3.38 million in recent disposals.
- Fundamentals and sentiment remain constructive: JLL beat quarterly estimates (EPS $4.50, revenue $6.51B, +10.9% YoY) and carries a MarketBeat consensus rating of "Moderate Buy" with a target near $342.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $330.24, for a total transaction of $1,651,200.00. Following the completion of the transaction, the chief executive officer directly owned 129,445 shares of the company's stock, valued at approximately $42,747,916.80. The trade was a 3.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Christian Ulbrich also recently made the following trade(s):
- On Friday, November 28th, Christian Ulbrich sold 240 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $330.01, for a total transaction of $79,202.40.
- 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 transaction of $1,651,650.00.
Jones Lang LaSalle Stock Performance
NYSE:JLL opened at $327.26 on Friday. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 25.10 and a beta of 1.44. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $335.83. The company has a fifty day simple moving average of $305.47 and a two-hundred day simple moving average of $281.40.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same period last year, the business posted $3.50 earnings per share. Jones Lang LaSalle's revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on JLL shares. UBS Group boosted their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 8th. The Goldman Sachs Group raised their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a "buy" rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and a consensus target price of $342.14.
Read Our Latest Report on JLL
Institutional Trading of Jones Lang LaSalle
Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at $25,000. Chilton Capital Management LLC acquired a new position in Jones Lang LaSalle in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock valued at $34,000 after buying an additional 100 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $38,000. Finally, Caldwell Trust Co purchased a new position in shares of Jones Lang LaSalle during the second quarter worth about $38,000. 94.80% of the stock is owned by institutional investors and hedge funds.
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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