Insider Selling: Jones Lang LaSalle (NYSE:JLL) Director Sells 402 Shares of Stock

Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) Director Larry Quinlan sold 402 shares of the company’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 value of $121,295.46. Following the transaction, the director directly owned 4,369 shares of the company’s stock, valued at $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $295.14, for a total value of $118,941.42.

Jones Lang LaSalle Trading Up 2.0%

Shares of NYSE:JLL traded up $5.94 on Tuesday, hitting $304.18. The company had a trading volume of 86,957 shares, compared to its average volume of 471,084. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 1 year low of $233.14 and a 1 year high of $363.06. The firm’s 50-day simple moving average is $311.83 and its two-hundred day simple moving average is $320.75. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 16.38 and a beta of 1.29.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on JLL. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. UBS Group increased their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods decreased 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 note on Tuesday, February 24th. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Check Out Our Latest Research Report on JLL

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JLL. Greenleaf Trust boosted its stake in Jones Lang LaSalle by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after buying an additional 30 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Jones Lang LaSalle by 15.8% in the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 30 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Jones Lang LaSalle by 7.9% during the 3rd quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 40 shares during the period. Hilton Head Capital Partners LLC grew its holdings in Jones Lang LaSalle by 40.4% during the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Jones Lang LaSalle by 10.6% in the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 47 shares during the period. Institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

(Get Free Report)

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.

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