Insider Selling: Jones Lang LaSalle CEO Sells 4,500 Shares of Stock (JLL)
Jones Lang LaSalle (NYSE:JLL) CEO Colin Dyer sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $126.86, for a total value of $570,870.00. Following the transaction, the chief executive officer now directly owns 70,636 shares in the company, valued at approximately $8,960,883. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on JLL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Jones Lang LaSalle in a research note on Wednesday, June 18th. They now have a $130.00 price target on the stock. Finally, 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $124.93.
Jones Lang LaSalle (NYSE:JLL) traded up 0.21% on Wednesday, hitting $126.84. 100,977 shares of the company’s stock traded hands. Jones Lang LaSalle has a one year low of $80.86 and a one year high of $127.99. The stock has a 50-day moving average of $122.4 and a 200-day moving average of $116.5. The company has a market cap of $5.652 billion and a P/E ratio of 20.97.
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. On average, analysts predict that Jones Lang LaSalle will post $7.26 earnings per share for the current fiscal year.
Jones Lang LaSalle Incorporated (NYSE:JLL) is a financial and professional services firm specializing in real estate.
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