Richard Bloxam Sells 5,440 Shares of Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle Incorporated (NYSE:JLL) CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $299.84 on Friday. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 18.27 and a beta of 1.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a 50 day moving average price of $319.30 and a 200-day moving average price of $317.83. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released 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 for the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.15 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Jones Lang LaSalle

A number of hedge funds have recently added to or reduced their stakes in the stock. Equity Investment Corp bought a new position in Jones Lang LaSalle in the third quarter worth about $72,132,000. Hennessy Advisors Inc. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $40,417,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $1,143,000. FJ Capital Management LLC raised its stake in shares of 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 worth $5,717,000 after acquiring an additional 6,214 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Jones Lang LaSalle by 388.0% during the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock valued at $2,581,000 after acquiring an additional 6,880 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.