Insider Selling: Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Sells 275 Shares of Stock

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer now owns 10,297 shares of the company's stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jones Lang LaSalle Stock Up 1.5%

Shares of NYSE:JLL traded up $3.80 on Friday, hitting $257.37. 442,996 shares of the company traded hands, compared to its average volume of 345,035. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The company has a market cap of $12.22 billion, a PE ratio of 23.22 and a beta of 1.31. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50. The stock has a 50 day simple moving average of $229.85 and a 200-day simple moving average of $246.83.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the business posted $1.78 EPS. The company's revenue was up 12.1% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JLL shares. UBS Group cut their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Citigroup decreased their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $305.00.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors have recently made changes to their positions in JLL. Principal Securities Inc. boosted its stake in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after buying an additional 110 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Jones Lang LaSalle by 7.2% in the fourth quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider's stock worth $762,000 after purchasing an additional 201 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Jones Lang LaSalle by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,452 shares of the financial services provider's stock valued at $368,000 after purchasing an additional 77 shares during the period. Allianz Asset Management GmbH increased its position in shares of Jones Lang LaSalle by 28.7% during the 4th quarter. Allianz Asset Management GmbH now owns 134,490 shares of the financial services provider's stock valued at $34,045,000 after purchasing an additional 30,001 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 20.3% in the 4th quarter. Wealthspire Advisors LLC now owns 902 shares of the financial services provider's stock worth $228,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.