Insider Selling: 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 stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $118,941.42.

Jones Lang LaSalle Stock Performance

JLL opened at $297.12 on Friday. The firm has a market cap of $13.78 billion, a P/E ratio of 15.97 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 1-year low of $237.03 and a 1-year high of $363.06. The company has a 50 day simple moving average of $311.39 and a two-hundred day simple moving average of $320.13. 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 issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its position in Jones Lang LaSalle by 449.7% during the first quarter. Glenmede Trust Co. NA now owns 25,676 shares of the financial services provider’s stock valued at $7,814,000 after purchasing an additional 21,005 shares during the last quarter. Vestor Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $3,693,000. Bank of America Corp DE lifted its holdings in shares of Jones Lang LaSalle by 1.3% in the 1st quarter. Bank of America Corp DE now owns 303,446 shares of the financial services provider’s stock valued at $92,345,000 after acquiring an additional 3,985 shares during the last quarter. Janus Henderson Group PLC grew its position in Jones Lang LaSalle by 291.3% in the first quarter. Janus Henderson Group PLC now owns 84,298 shares of the financial services provider’s stock worth $25,680,000 after acquiring an additional 62,753 shares in the last quarter. Finally, Amundi increased its stake in Jones Lang LaSalle by 54.4% during the first quarter. Amundi now owns 81,889 shares of the financial services provider’s stock worth $24,920,000 after acquiring an additional 28,839 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. UBS Group upped their price target 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. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods lowered their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, Barclays raised their target price on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $394.00.

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.