Jones Lang LaSalle (NYSE:JLL) CEO Sells $1,651,650.00 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the transaction, the chief executive officer owned 139,685 shares in the company, valued at approximately $46,142,146.05. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jones Lang LaSalle Trading Down 1.4%

NYSE:JLL opened at $325.28 on Friday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $335.83. The firm has a 50-day moving average price of $303.45 and a two-hundred day moving average price of $278.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $15.35 billion, a price-to-earnings ratio of 27.97 and a beta of 1.46.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on JLL. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Finally, UBS Group upped their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $340.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the third quarter worth about $25,000. Chilton Capital Management LLC purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $34,000 after purchasing an additional 100 shares in the last quarter. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle in the third quarter worth $41,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Jones Lang LaSalle in the third quarter worth $44,000. 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.