Jones Lang LaSalle (NYSE:JLL) CEO Richard Bloxam Sells 5,440 Shares

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jones Lang LaSalle Trading Up 0.7%

NYSE JLL traded up $2.20 on Wednesday, hitting $298.45. The company’s stock had a trading volume of 106,032 shares, compared to its average volume of 549,281. The firm has a market cap of $13.98 billion, a P/E ratio of 18.18 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The company’s 50-day simple moving average is $321.18 and its 200 day simple moving average is $318.08. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the company earned $6.15 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Greenleaf Trust raised its position in shares of Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 30 shares during the last quarter. Assetmark Inc. increased its stake in Jones Lang LaSalle by 15.8% during the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 30 shares in the last quarter. Chilton Capital Management LLC lifted its stake in shares of Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares in the last quarter. Southeast Asset Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 0.7% during the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after buying an additional 39 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Jones Lang LaSalle by 7.9% in the 3rd quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on JLL. UBS Group raised their price objective on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $363.17.

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.