Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief executive officer owned 146,418 shares in the company, valued at approximately $54,906,750. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jones Lang LaSalle Trading Down 1.7%
Shares of NYSE:JLL opened at $368.62 on Tuesday. The firm has a fifty day moving average of $329.04 and a two-hundred day moving average of $318.18. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $375.71. The firm has a market capitalization of $16.96 billion, a P/E ratio of 17.66 and a beta of 1.24.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the prior year, the business posted $3.30 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. UBS Group upped their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Zacks Research downgraded Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Weiss Ratings lowered shares of Jones Lang LaSalle from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, May 28th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $423.33.
Check Out Our Latest Stock Report on Jones Lang LaSalle
Institutional Trading of Jones Lang LaSalle
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caitlin John LLC acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at about $366,000. Jefferies Financial Group Inc. acquired a new stake in Jones Lang LaSalle in the 2nd quarter worth approximately $1,675,000. Public Employees Retirement System of Ohio bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $11,409,000. Capstone Investment Advisors LLC acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $935,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $90,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Jones Lang LaSalle Company Profile
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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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