Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 4,664 shares of the firm's stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $330.36, for a total transaction of $1,540,799.04. Following the transaction, the chief executive officer directly owned 119,781 shares of the company's stock, valued at $39,570,851.16. This represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Christian Ulbrich also recently made the following trade(s):
- On Wednesday, December 3rd, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $330.24, for a total value of $1,651,200.00.
- On Friday, November 28th, Christian Ulbrich sold 240 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $330.01, for a total value 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 value of $1,651,650.00.
Jones Lang LaSalle Trading Down 2.5%
NYSE JLL opened at $319.56 on Tuesday. 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 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $305.86 and its 200-day moving average price is $282.98. The stock has a market cap of $15.08 billion, a P/E ratio of 24.51 and a beta of 1.44.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion for the quarter, compared to analysts' expectations of $6.49 billion. During the same quarter in the previous year, the business posted $3.50 EPS. Jones Lang LaSalle's revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Hedge Funds Weigh In On Jones Lang LaSalle
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Jones Lang LaSalle by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock worth $646,000 after acquiring an additional 262 shares during the period. Bank of Montreal Can boosted its position in Jones Lang LaSalle by 22.6% in the second quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider's stock worth $2,442,000 after purchasing an additional 1,761 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Jones Lang LaSalle by 270.3% during the 1st quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider's stock valued at $6,206,000 after purchasing an additional 18,287 shares during the period. Boston Partners purchased a new position in shares of Jones Lang LaSalle in the second quarter worth approximately $12,186,000. Finally, Nordea Investment Management AB grew its position in Jones Lang LaSalle by 5.7% during 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 owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports on JLL shares. JPMorgan Chase & Co. upped 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 note on Tuesday, August 26th. 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 report on Thursday, October 9th. The Goldman Sachs Group lifted their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a "buy" rating in a report on Wednesday, November 26th. Wall Street Zen upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $342.14.
View Our Latest Stock Analysis on Jones Lang LaSalle
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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