Jones Lang LaSalle Incorporated $JLL Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 56.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,629 shares of the financial services provider’s stock after acquiring 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 quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JLL. Moran Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $4,405,000. PFG Investments LLC raised its position in Jones Lang LaSalle by 31.2% in the first quarter. PFG Investments LLC now owns 1,051 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 250 shares during the period. Optas LLC acquired a new position in Jones Lang LaSalle during the first quarter worth $208,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Jones Lang LaSalle during the first quarter worth $4,188,000. Finally, Leonteq Securities AG grew its stake in shares of Jones Lang LaSalle by 19.5% in the first quarter. Leonteq Securities AG now owns 3,757 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 613 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on JLL

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares of the company’s stock, valued at $1,318,258.37. The trade was a 8.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Trading Up 0.0%

Shares of NYSE: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’s 50 day moving average is $306.07 and its two-hundred day moving average is $318.70. The company has a market cap of $15.20 billion, a PE ratio of 17.61 and a beta of 1.27. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLLFree Report).

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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