Larry Quinlan Sells 402 Shares of Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Larry Quinlan also recently made the following trade(s):

• On Friday, June 5th, Larry Quinlan sold 403 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42.

Jones Lang LaSalle Trading Down 1.6%

Shares of Jones Lang LaSalle stock opened at $297.94 on Thursday. Jones Lang LaSalle Incorporated has a 1 year low of $233.71 and a 1 year high of $363.06. The firm has a market cap of $13.82 billion, a PE ratio of 16.02 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 company has a 50 day simple moving average of $311.60 and a two-hundred day simple moving average of $320.32.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. DigitalBridge Group Inc. purchased a new position in shares of Jones Lang LaSalle in the third quarter worth $1,223,000. Lighthouse Investment Partners LLC increased its stake in shares of Jones Lang LaSalle by 41.8% in the third quarter. Lighthouse Investment Partners LLC now owns 30,316 shares of the financial services provider’s stock worth $9,043,000 after buying an additional 8,930 shares during the period. William Blair Investment Management LLC increased its stake in shares of Jones Lang LaSalle by 25.0% in the third quarter. William Blair Investment Management LLC now owns 143,274 shares of the financial services provider’s stock worth $42,736,000 after buying an additional 28,617 shares during the period. Channing Capital Management LLC increased its stake in shares of Jones Lang LaSalle by 14.2% in the third quarter. Channing Capital Management LLC now owns 36,347 shares of the financial services provider’s stock worth $10,842,000 after buying an additional 4,517 shares during the period. Finally, Bamco Inc. NY increased its stake in shares of Jones Lang LaSalle by 8.8% in the third quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock worth $168,259,000 after buying an additional 45,733 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group lifted their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Barclays lifted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

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.