QRG Capital Management Inc. Grows Stake in Jones Lang LaSalle Incorporated $JLL

QRG Capital Management Inc. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 56.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,629 shares of the financial services provider’s stock after buying an additional 5,641 shares during the quarter. QRG Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $4,756,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JLL. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter worth approximately $29,000. Activest Wealth Management increased its position 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 in the last quarter. Hilton Head Capital Partners LLC acquired a new position in Jones Lang LaSalle in the 4th quarter valued at $35,000. Finally, True Wealth Design LLC lifted its holdings in Jones Lang LaSalle by 13,200.0% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JLL. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Barclays boosted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Stock Up 0.0%

Shares of JLL opened at $327.58 on Monday. Jones Lang LaSalle Incorporated has a 52-week low of $246.07 and a 52-week high of $363.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $306.07 and a two-hundred day simple moving average of $318.70. The company has a market capitalization of $15.20 billion, a PE ratio of 17.61 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.84 EPS for the current year.

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.