Jones Lang LaSalle Incorporated (NYSE:JLL) Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total transaction of $123,070.00. Following the transaction, the director now directly owns 46,417 shares in the company, valued at $5,712,540.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Jones Lang LaSalle Incorporated (JLL) traded down 4.45% during midday trading on Thursday, reaching $116.70. 262,552 shares of the company’s stock traded hands. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The firm’s 50-day moving average price is $125.93 and its 200 day moving average price is $116.14. The stock has a market capitalization of $5.29 billion, a P/E ratio of 17.62 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm posted $1.93 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post $8.11 earnings per share for the current fiscal year.

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JLL has been the subject of several recent analyst reports. UBS AG initiated coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price for the company. ValuEngine downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $132.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Monday, July 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $133.43.

Large investors have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Jones Lang LaSalle by 60.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock worth $178,000 after buying an additional 600 shares in the last quarter. Capstone Asset Management Co. increased its position in Jones Lang LaSalle by 9.0% in the first quarter. Capstone Asset Management Co. now owns 5,111 shares of the financial services provider’s stock worth $570,000 after buying an additional 420 shares during the period. Gulf International Bank UK Ltd increased its position in Jones Lang LaSalle by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 14,400 shares of the financial services provider’s stock worth $1,604,000 after buying an additional 100 shares during the period. First Citizens Bank & Trust Co. bought a new position in Jones Lang LaSalle during the first quarter worth approximately $348,000. Finally, BTIM Corp. increased its position in Jones Lang LaSalle by 3.8% in the first quarter. BTIM Corp. now owns 89,337 shares of the financial services provider’s stock worth $9,956,000 after buying an additional 3,309 shares during the period. 89.14% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

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