Key Points
- Director Larry Quinlan sold 403 shares of Jones Lang LaSalle on June 5 at an average price of $295.14, totaling about $118,941. After the sale, he still held 4,771 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- JLL recently posted stronger-than-expected quarterly results, reporting EPS of $3.43 versus the $3.01 estimate and revenue of $6.39 billion versus $6 billion expected. Revenue rose 11.1% year over year.
- Wall Street remains cautiously positive on the stock, with five analysts rating it a Buy and three a Hold, for a consensus “Moderate Buy” and an average price target of $394.00.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) Director Larry Quinlan sold 403 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director owned 4,771 shares of the company's stock, valued at $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jones Lang LaSalle Stock Performance
Jones Lang LaSalle stock opened at $294.94 on Tuesday. The firm's 50 day simple moving average is $311.95 and its 200 day simple moving average is $321.23. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 1-year low of $230.24 and a 1-year high of $363.06. The firm has a market capitalization of $13.68 billion, a PE ratio of 15.86 and a beta of 1.29.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts' consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 EPS. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.
Institutional Trading of Jones Lang LaSalle
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $546,000. Empowered Funds LLC grew its holdings in shares of Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider's stock valued at $1,003,000 after purchasing an additional 2,711 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Jones Lang LaSalle by 33.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider's stock worth $128,000 after purchasing an additional 126 shares during the period. Cresset Asset Management LLC lifted its stake in Jones Lang LaSalle by 28.4% in the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider's stock worth $428,000 after purchasing an additional 370 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in Jones Lang LaSalle during the second quarter valued at about $211,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on JLL. Barclays raised their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an "equal weight" rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. Zacks Research lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of Jones Lang LaSalle from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $394.00.
Read Our Latest Stock Analysis on Jones Lang LaSalle
About Jones Lang LaSalle
(
Get Free Report)
Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.
Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.
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