Christian Ulbrich Sells 2,000 Shares of Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $375.00, for a total value of $750,000.00. Following the completion of the sale, the chief executive officer directly owned 146,418 shares of the company’s stock, valued at approximately $54,906,750. The trade was a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christian Ulbrich also recently made the following trade(s):

• On Tuesday, August 18th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The stock was sold at an average price of $375.00, for a total transaction of $750,000.00.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $371.01 on Wednesday. The firm has a market capitalization of $17.07 billion, a P/E ratio of 17.78 and a beta of 1.24. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $330.35 and its two-hundred day moving average price is $318.29. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $376.85.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.30 EPS. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in 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 buying an additional 30 shares in the last quarter. Hilton Head Capital Partners LLC raised its position in shares of 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 buying an additional 42 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Jones Lang LaSalle by 10.6% during the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 47 shares during the last quarter. Ballentine Partners LLC grew its position in Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 48 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Jones Lang LaSalle by 27.4% in the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 48 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays boosted their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, UBS Group raised their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $423.33.

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.