Jones Lang LaSalle (NYSE:JLL) Director Sells $118,941.42 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 403 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Stock Up 0.6%

Shares of JLL stock traded up $1.78 during mid-day trading on Monday, hitting $297.49. The stock had a trading volume of 47,140 shares, compared to its average volume of 480,675. Jones Lang LaSalle Incorporated has a 12-month low of $230.24 and a 12-month high of $363.06. The firm has a market capitalization of $13.80 billion, a P/E ratio of 16.00 and a beta of 1.29. The firm’s 50-day moving average is $312.04 and its two-hundred day moving average is $321.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the business earned $2.31 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in Jones Lang LaSalle during the fourth quarter worth about $29,000. Activest Wealth Management grew its holdings in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Finally, True Wealth Design LLC grew its holdings in Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JLL. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Keefe, Bruyette & Woods decreased their price objective on 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. UBS Group upped their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Barclays upped their price objective on 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 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.