Jones Lang LaSalle (NYSE:JLL) Director Sells $118,941.42 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the transaction, the director owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Trading Up 0.6%

Shares of Jones Lang LaSalle stock traded up $1.78 on Monday, reaching $297.49. The company had a trading volume of 47,140 shares, compared to its average volume of 480,675. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 16.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The firm’s 50-day moving average price is $312.04 and its two-hundred day moving average price is $321.25. Jones Lang LaSalle Incorporated has a 1 year low of $230.24 and a 1 year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 EPS. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of hedge funds have recently added to or reduced their stakes in JLL. Integrated Wealth Concepts LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth about $546,000. Empowered Funds LLC grew its stake in Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 33.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after buying an additional 126 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Jones Lang LaSalle by 28.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after buying an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth $211,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on JLL. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. UBS Group lifted their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays boosted their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Company Profile

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.