Insider Selling: Jones Lang LaSalle (NYSE:JLL) CEO Sells $771,060.00 in Stock

Key Points

• CEO Christian Ulbrich sold 2,000 JLL shares at an average price of $385.53, generating $771,060; the transaction was conducted under a Rule 10b5-1 trading plan and reduced his direct stake by 1.4%.
• JLL shares closed at $388.99, near their 12-month high of $393.84. The company recently exceeded quarterly earnings expectations, reporting $5.26 in EPS and $6.93 billion in revenue, up 10.8% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $423.33 target price; institutional investors own 94.8% of the company.

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer directly owned 140,418 shares in the company, valued at $54,135,351.54. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $375.00, for a total transaction of $750,000.00.
• On Friday, August 14th, Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded down $1.22 during trading on Thursday, hitting $388.99. The stock had a trading volume of 144,587 shares, compared to its average volume of 447,772. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 18.64 and a beta of 1.25. The business's 50-day moving average is $332.19 and its 200 day moving average is $318.51.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at $1,446,414,000. M&T Bank Corp lifted its stake in Jones Lang LaSalle by 184,969.0% in the fourth 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 last quarter. AQR Capital Management LLC boosted its position in Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider's stock valued at $302,697,000 after buying an additional 728,824 shares during the period. Norges Bank bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $194,950,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $132,263,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on JLL shares. Weiss Ratings raised Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. UBS Group boosted their price target on shares of 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 lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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