Key Points
- Jones Lang LaSalle director Larry Quinlan sold 402 shares on June 12 at an average price of $301.73, bringing in about $121,295. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his direct stake fell 8.43% to 4,369 shares.
- Quinlan also sold 403 shares on June 5 at an average price of $295.14, indicating a recent pattern of insider selling rather than a one-time trade.
- JLL recently reported strong quarterly results, beating EPS and revenue estimates, while analysts maintain an average Moderate Buy rating with a $394.00 price target despite some mixed revisions.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. This trade represents a 8.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Larry Quinlan also recently made the following trade(s):
- On Friday, June 5th, Larry Quinlan sold 403 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $295.14, for a total value of $118,941.42.
Jones Lang LaSalle Stock Performance
NYSE:JLL opened at $302.62 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $233.14 and a 1 year high of $363.06. The stock's 50 day simple moving average is $311.77 and its two-hundred day simple moving average is $320.55. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 16.27 and a beta of 1.29.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The company's revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Jones Lang LaSalle
Large investors have recently bought and sold shares of the business. DigitalBridge Group Inc. purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at $1,223,000. Lighthouse Investment Partners LLC boosted its holdings in Jones Lang LaSalle by 41.8% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 30,316 shares of the financial services provider's stock valued at $9,043,000 after acquiring an additional 8,930 shares during the period. William Blair Investment Management LLC boosted its holdings in Jones Lang LaSalle by 25.0% during the 3rd quarter. William Blair Investment Management LLC now owns 143,274 shares of the financial services provider's stock valued at $42,736,000 after acquiring an additional 28,617 shares during the period. Channing Capital Management LLC boosted its holdings in Jones Lang LaSalle by 14.2% during the 3rd quarter. Channing Capital Management LLC now owns 36,347 shares of the financial services provider's stock valued at $10,842,000 after acquiring an additional 4,517 shares during the period. Finally, GRS Advisors LLC purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at $18,659,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on JLL shares. Zacks Research downgraded Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. UBS Group lifted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Weiss Ratings cut Jones Lang LaSalle from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 28th. Barclays lifted their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Moderate Buy" and an average price target of $394.00.
Check Out Our Latest Report on JLL
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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