Key Points
- JLL CEO Christian Ulbrich sold 5,000 shares on December 10 at an average price of $330.87 for $1,654,350, leaving him with 114,781 shares valued at about $37.98 million (a 4.17% ownership decrease).
- Ulbrich has executed a series of insider sales in late November and early December totaling roughly 20,000 shares (~$6.6 million) across multiple transactions.
- Despite the insider selling, JLL recently beat quarterly EPS and revenue estimates and analysts have been raising price targets, leaving a consensus rating of Moderate Buy with a $342.14 target.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 96 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the transaction, the chief executive officer owned 114,685 shares in the company, valued at $38,096,063.30. The trade was a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Christian Ulbrich also recently made the following trade(s):
- On Wednesday, December 10th, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $330.87, for a total transaction of $1,654,350.00.
- On Friday, December 5th, Christian Ulbrich sold 4,664 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $330.36, for a total transaction of $1,540,799.04.
- On Wednesday, December 3rd, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $330.24, for a total transaction 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 Stock Performance
Shares of NYSE:JLL opened at $334.55 on Friday. The business's 50-day simple moving average is $308.77 and its 200 day simple moving average is $285.28. The company has a market cap of $15.79 billion, a P/E ratio of 25.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $340.14.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter last year, the company earned $3.50 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. EdgePoint Investment Group Inc. raised its position in shares of Jones Lang LaSalle by 21.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider's stock valued at $568,222,000 after acquiring an additional 386,184 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of Jones Lang LaSalle by 50.7% during the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock worth $263,298,000 after purchasing an additional 357,469 shares during the period. Swedbank AB lifted its position in shares of Jones Lang LaSalle by 5.4% in the 3rd quarter. Swedbank AB now owns 989,199 shares of the financial services provider's stock worth $295,058,000 after buying an additional 51,050 shares during the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $160,187,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Jones Lang LaSalle by 5.2% in the 3rd quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider's stock valued at $178,664,000 after buying an additional 29,560 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on JLL shares. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. 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 note on Wednesday, November 26th. Barclays began coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an "equal weight" rating and a $351.00 price objective for the company. Wall Street Zen raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 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 research note on Thursday, October 9th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $342.14.
Get Our Latest 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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