Jones Lang LaSalle (NYSE:JLL) Shares Down 10.8% – Here’s Why

Jones Lang LaSalle Incorporated (NYSE:JLL)’s stock price traded down 10.8% during trading on Wednesday . The stock traded as low as $310.44 and last traded at $308.9830. 285,643 shares were traded during mid-day trading, a decline of 30% from the average session volume of 406,112 shares. The stock had previously closed at $346.24.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JLL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. Barclays began coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price on the stock. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $364.17.

Jones Lang LaSalle Trading Down 12.6%

The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 23.20 and a beta of 1.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. The company’s 50 day simple moving average is $342.86 and its 200 day simple moving average is $315.48.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at $44,490,496.05. The trade was a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 20,000 shares of company stock valued at $6,609,091 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $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 during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth about $26,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.