Insider Selling: Jones Lang LaSalle CEO Sells 1,000 Shares of Stock (JLL)
Jones Lang LaSalle (NYSE:JLL) CEO Christian Ulbrich sold 1,000 shares of Jones Lang LaSalle stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $125.10, for a total transaction of $125,100.00. Following the sale, the chief executive officer now directly owns 19,446 shares in the company, valued at approximately $2,432,695. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Jones Lang LaSalle (NYSE:JLL) traded up 0.42% during mid-day trading on Friday, hitting $125.25. The stock had a trading volume of 180,061 shares. Jones Lang LaSalle has a 52-week low of $80.86 and a 52-week high of $125.33. The stock has a 50-day moving average of $119.2 and a 200-day moving average of $112.9. The company has a market cap of $5.582 billion and a price-to-earnings ratio of 20.66.
Jones Lang LaSalle (NYSE:JLL) last released its earnings data on Wednesday, April 30th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $962.87 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that Jones Lang LaSalle will post $7.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Friday, June 27th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.35%.
JLL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Jones Lang LaSalle in a research note on Thursday, May 1st. They now have a $122.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Jones Lang LaSalle from $121.00 to $128.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Jones Lang LaSalle currently has an average rating of “Hold” and a consensus target price of $123.33.
Jones Lang LaSalle Incorporated (NYSE:JLL) is a financial and professional services firm specializing in real estate.
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