Jones Lang LaSalle (NYSE:JLL) Director Sells $121,295.46 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) Director Larry Quinlan sold 402 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was 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 sale was disclosed in a filing 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 Price Performance

JLL stock traded up $5.94 during midday trading on Tuesday, reaching $304.18. The company had a trading volume of 86,957 shares, compared to its average volume of 471,084. The firm has a 50-day moving average price of $311.83 and a 200-day moving average price of $320.75. The company has a market capitalization of $14.11 billion, a P/E ratio of 16.38 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 1 year low of $233.14 and a 1 year high of $363.06. 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 posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on JLL. Barclays increased their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. UBS Group upped their target price 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. Keefe, Bruyette & Woods reduced their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. 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, Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. M&T Bank Corp increased its stake in Jones Lang LaSalle by 184,969.0% in the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after purchasing an additional 3,862,153 shares during the period. AQR Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares during the last quarter. Norges Bank bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $194,950,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $132,263,000. Finally, Millennium Management LLC raised its holdings in Jones Lang LaSalle by 4,285.3% during the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after buying an additional 342,821 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

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.