Insider Selling: Jones Lang LaSalle (NYSE:JLL) CEO Sells 2,000 Shares of Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. 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 144,418 shares in the company, valued at $54,156,750. This represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 14th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $375.00, for a total value of $750,000.00.

Jones Lang LaSalle Stock Up 1.0%

Shares of JLL stock traded up $3.53 during mid-day trading on Tuesday, reaching $373.84. 195,742 shares of the company’s stock traded hands, compared to its average volume of 448,490. The company’s 50-day moving average price is $329.04 and its 200-day moving average price is $318.18. The company has a market cap of $17.20 billion, a P/E ratio of 17.96 and a beta of 1.24. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $376.85.

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

Institutional Trading of Jones Lang LaSalle

Institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Jones Lang LaSalle in the 2nd quarter worth $26,000. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the third quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at about $29,000. Activest Wealth Management boosted its stake in shares of Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $35,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Barclays lifted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. One research 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. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price 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.