Jones Lang LaSalle (NYSE:JLL) CEO Sells $1,540,799.04 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 4,664 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $330.36, for a total transaction of $1,540,799.04. Following the completion of the transaction, the chief executive officer directly owned 119,781 shares of the company’s stock, valued at approximately $39,570,851.16. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, December 3rd, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $330.24, for a total transaction of $1,651,200.00.
• On Friday, November 28th, Christian Ulbrich sold 240 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $330.01, for a total value of $79,202.40.
• On Tuesday, November 25th, Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $331.17 on Thursday. The stock has a market cap of $15.63 billion, a P/E ratio of 25.40 and a beta of 1.44. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $307.10 and its two-hundred day moving average price is $284.08. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $335.83.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the prior year, the business earned $3.50 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

JLL has been the subject of a number of research analyst reports. 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 report on Tuesday, August 26th. Barclays began coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. UBS Group boosted their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $342.14.

Institutional Trading of Jones Lang LaSalle

Several hedge funds and other institutional investors have recently bought and sold shares of JLL. Sunbelt Securities Inc. bought a new position in shares of Jones Lang LaSalle in the third quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 100 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Jones Lang LaSalle in the first quarter valued at about $38,000. Finally, Caldwell Trust Co purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $38,000. 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.