Insider Selling: Jones Lang LaSalle (NYSE:JLL) CEO Sells $1,615,353.60 in Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jones Lang LaSalle Trading Down 2.7%

NYSE:JLL opened at $292.40 on Friday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The stock’s fifty day moving average price is $318.04 and its two-hundred day moving average price is $317.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market cap of $13.70 billion, a P/E ratio of 17.82 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.15 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Large investors have recently added to or reduced their stakes in the company. Equity Investment Corp purchased a new position in shares of Jones Lang LaSalle in the third quarter worth $72,132,000. Hennessy Advisors Inc. purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth about $40,417,000. Y Intercept Hong Kong Ltd purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at about $1,143,000. FJ Capital Management LLC raised its position in Jones Lang LaSalle by 38.5% during the 2nd quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock valued at $5,717,000 after purchasing an additional 6,214 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Jones Lang LaSalle by 388.0% in the 3rd quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock worth $2,581,000 after buying an additional 6,880 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. UBS Group upped their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Keefe, Bruyette & Woods reduced their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $363.17.

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.