Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jones Lang LaSalle Trading Down 0.3%
Shares of JLL stock opened at $294.94 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 52-week low of $230.24 and a 52-week high of $363.06. The company has a 50-day simple moving average of $311.95 and a two-hundred day simple moving average of $321.23.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal year.
Hedge Funds Weigh In On Jones Lang LaSalle
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on JLL shares. Keefe, Bruyette & Woods reduced their price target 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. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock 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 report on Thursday, May 28th. Barclays raised 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. Finally, Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $394.00.
Check Out Our Latest Report on Jones Lang LaSalle
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.
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