Insider Selling: Jones Lang LaSalle (NYSE:JLL) CEO Sells 5,000 Shares of Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $330.24, for a total value of $1,651,200.00. Following the sale, the chief executive officer directly owned 129,445 shares in the company, valued at $42,747,916.80. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Christian Ulbrich also recently made the following trade(s):

• On Friday, November 28th, Christian Ulbrich sold 240 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $330.01, for a total value of $79,202.40.
• On Tuesday, November 25th, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00.

Jones Lang LaSalle Trading Down 0.0%

NYSE:JLL traded down $0.09 during midday trading on Friday, hitting $327.43. The stock had a trading volume of 150,388 shares, compared to its average volume of 387,580. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $304.95 and a 200 day moving average of $280.74. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 25.04 and a beta of 1.44. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $335.83.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. UBS Group upped their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Barclays started coverage on shares of Jones Lang LaSalle in a research report on Tuesday. They set an “equal weight” rating and a $351.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $342.14.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new position in shares of Jones Lang LaSalle during the third quarter worth about $25,000. Chilton Capital Management LLC acquired a new position in Jones Lang LaSalle in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. SVB Wealth LLC acquired a new position in Jones Lang LaSalle during the 1st quarter valued at approximately $38,000. Finally, Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at $38,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.