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

Key Points

• CEO Christian Ulbrich sold 2,000 JLL shares at an average price of $375, generating $750,000. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 146,418 shares.
• JLL shares traded at $371.46, near their one-year high of $375.71, while the company reported quarterly EPS of $5.26—beating estimates by $0.70—and revenue of $6.93 billion, up 10.8% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $423.33; institutional investors own approximately 94.8% of the company.

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) CEO Christian Ulbrich sold 2,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was 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 $54,906,750. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded down $3.54 on Monday, hitting $371.46. 100,984 shares of the stock were exchanged, compared to its average volume of 448,655. 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 has a market capitalization of $17.09 billion, a PE ratio of 17.77 and a beta of 1.24. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $375.71. The firm's 50 day moving average is $327.57 and its two-hundred day moving average is $318.09.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.56 by $0.70. The business had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JLL. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle during the third quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $26,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $29,000. Activest Wealth Management grew its holdings in shares of 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 purchasing an additional 86 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Jones Lang LaSalle in the second quarter valued at approximately $34,000. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

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