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 that occurred on Friday, August 14th. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00. Following the transaction, the chief executive officer owned 146,418 shares in the company, valued at $54,906,750. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Stock Performance

JLL opened at $368.62 on Tuesday. The business has a 50 day moving average price of $329.04 and a two-hundred day moving average price of $318.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 17.66 and a beta of 1.24. Jones Lang LaSalle Incorporated has a 1-year low of $259.83 and a 1-year high of $375.71.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $3.30 EPS. Research analysts predict that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Jones Lang LaSalle during the 2nd quarter valued at $26,000. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $29,000. Activest Wealth Management raised its position in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JLL. UBS Group upped their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Barclays increased their target price on shares of 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 cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $423.33.

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.