Jones Lang LaSalle (NYSE:JLL) Shares Down 10.8% – Time to Sell?

Jones Lang LaSalle Incorporated (NYSE:JLL) traded down 10.8% during mid-day trading on Wednesday . The stock traded as low as $310.44 and last traded at $308.9830. 285,643 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 406,112 shares. The stock had previously closed at $346.24.

Analysts Set New Price Targets

Several analysts have weighed in on JLL shares. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group increased their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, UBS Group boosted their target price on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $364.17.

Jones Lang LaSalle Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 23.20 and a beta of 1.42. The firm has a fifty day simple moving average of $342.86 and a 200 day simple moving average of $315.48.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total value of $1,651,650.00. Following the sale, the chief executive officer owned 134,685 shares in the company, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,000 shares of company stock worth $6,609,091 over the last quarter. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently bought and sold shares of JLL. M&T Bank Corp lifted its position in shares of Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $160,187,000. Eurizon Capital SGR S.p.A. acquired a new position in Jones Lang LaSalle during the fourth quarter worth about $132,263,000. EdgePoint Investment Group Inc. grew its stake in Jones Lang LaSalle by 21.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock valued at $568,222,000 after acquiring an additional 386,184 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Jones Lang LaSalle by 4,285.3% in the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock worth $104,643,000 after purchasing an additional 342,821 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other 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.