QRG Capital Management Inc. Has $914,000 Stock Position in Jones Lang LaSalle Incorporated $JLL

QRG Capital Management Inc. cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 44.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,066 shares of the financial services provider’s stock after selling 2,462 shares during the period. QRG Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JLL. Chilton Capital Management LLC acquired a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $26,000. Caldwell Trust Co acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth $38,000. Quent Capital LLC bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $41,000. Steph & Co. acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at about $50,000. Finally, Traub Capital Management LLC bought a new position in Jones Lang LaSalle during the second quarter worth about $52,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Activity

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares in the company, valued at $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $6,609,091. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. UBS Group upped their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Barclays began coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $350.71.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $344.42 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $357.44. The stock has a market capitalization of $16.25 billion, a P/E ratio of 26.41 and a beta of 1.42. The stock has a fifty day moving average of $332.16 and a 200-day moving average of $305.70.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 earnings per share. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.