Insider Selling: Jones Lang LaSalle Incorporated (JLL) CEO Sells $989,630.46 in Stock
Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at approximately $661,768.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) opened at $150.87 on Friday. The stock has a market cap of $6,844.37, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.85. Jones Lang LaSalle Incorporated has a fifty-two week low of $97.60 and a fifty-two week high of $155.25. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.41. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.83 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. equities analysts predict that Jones Lang LaSalle Incorporated will post 8.23 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a yield of 0.52%. Jones Lang LaSalle’s dividend payout ratio is 9.92%.
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A number of institutional investors have recently added to or reduced their stakes in JLL. Teachers Advisors LLC raised its holdings in shares of Jones Lang LaSalle by 6.1% in the 1st quarter. Teachers Advisors LLC now owns 64,090 shares of the financial services provider’s stock valued at $7,143,000 after purchasing an additional 3,657 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Jones Lang LaSalle by 41.6% in the 1st quarter. AQR Capital Management LLC now owns 10,957 shares of the financial services provider’s stock valued at $1,221,000 after purchasing an additional 3,221 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $323,000. Capstone Asset Management Co. raised its holdings in shares of Jones Lang LaSalle by 7.6% in the 2nd quarter. Capstone Asset Management Co. now owns 5,501 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 390 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $1,068,000. Institutional investors own 90.31% of the company’s stock.
A number of equities analysts recently weighed in on the stock. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. UBS AG assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 price objective for the company. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. Finally, BidaskClub cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $133.57.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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