Key Points
- CEO Christian Ulbrich sold 2,000 JLL shares at an average price of $385.53, generating $771,060. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 140,418 shares.
- Ulbrich has also sold 2,000 shares on each of August 18 and August 14, representing three consecutive insider-sale transactions totaling $2.27 million.
- JLL recently exceeded quarterly expectations, reporting $5.26 in EPS and $6.93 billion in revenue, while revenue rose 10.8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $423.33.
Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer directly owned 140,418 shares of the company's stock, valued at approximately $54,135,351.54. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Tuesday, August 18th, 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 transaction of $750,000.00.
- On Friday, August 14th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00.
Jones Lang LaSalle Stock Down 1.4%
Shares of NYSE JLL opened at $384.84 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The stock has a fifty day moving average price of $333.92 and a 200 day moving average price of $318.70. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a market cap of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $6.93 billion for 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 for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 EPS. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Jones Lang LaSalle by 15.8% in the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider's stock worth $74,000 after purchasing an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC raised its position in Jones Lang LaSalle by 40.4% during the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Jones Lang LaSalle by 10.6% during the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider's stock valued at $165,000 after acquiring an additional 47 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 48 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Jones Lang LaSalle by 27.4% in the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider's stock worth $68,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 94.80% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on JLL. Barclays raised their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a research note on Monday. Raymond James Financial reissued a "strong-buy" rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Zacks Research lowered Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $423.33.
Read Our Latest Report on Jones Lang LaSalle
Jones Lang LaSalle Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
