Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total value of $750,000.00. Following the completion of the sale, the chief executive officer owned 144,418 shares in the company, valued at $54,156,750. This trade represents a 1.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Christian Ulbrich also recently made the following trade(s):
- On Friday, August 14th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $375.00, for a total value of $750,000.00.
Jones Lang LaSalle Price Performance
Shares of NYSE JLL opened at $371.01 on Wednesday. The stock's 50-day simple moving average is $330.35 and its two-hundred day simple moving average is $318.29. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $376.85. The firm has a market capitalization of $17.07 billion, a P/E ratio of 17.78 and a beta of 1.24. 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 (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.Jones Lang LaSalle's revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 earnings per share. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.
Institutional Investors Weigh In On Jones Lang LaSalle
A number of hedge funds have recently made changes to their positions in JLL. Beacon Pointe Advisors LLC bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $991,000. Empowered Funds LLC purchased a new position in Jones Lang LaSalle in the 2nd quarter worth $5,583,000. United Capital Financial Advisors LLC bought a new stake in Jones Lang LaSalle in the second quarter worth $528,000. Caitlin John LLC bought a new stake in Jones Lang LaSalle in the second quarter worth $366,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Jones Lang LaSalle during the second quarter valued at about $1,675,000. 94.80% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on JLL shares. Weiss Ratings lowered shares of Jones Lang LaSalle from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 28th. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, April 22nd. Raymond James Financial reissued a "strong-buy" rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays raised their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Zacks Research cut Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Moderate Buy" and an average target price of $423.33.
Get Our Latest Analysis 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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