Jones Lang LaSalle (NYSE:JLL) CEO Christian Ulbrich Sells 2,000 Shares of Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total transaction of $750,000.00. Following the sale, the chief executive officer owned 144,418 shares of the company’s stock, valued at $54,156,750. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $750,000.00.

Jones Lang LaSalle Stock Up 0.2%

JLL opened at $371.01 on Wednesday. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $376.85. The company’s 50-day moving average price is $330.35 and its two-hundred day moving average price is $318.29. The stock has a market cap of $17.07 billion, a price-to-earnings 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) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS 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 company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. Jones Lang LaSalle’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JLL. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Barclays boosted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Raymond James Financial reiterated 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $423.33.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently made changes to their positions in JLL. Beacon Pointe Advisors LLC bought a new position in Jones Lang LaSalle in the 2nd quarter worth about $991,000. Empowered Funds LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at about $5,583,000. United Capital Financial Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at about $528,000. Caitlin John LLC purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth about $366,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $1,675,000. 94.80% of the stock is currently owned by institutional investors.

About Jones Lang LaSalle

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.