QRG Capital Management Inc. Sells 2,462 Shares of Jones Lang LaSalle Incorporated $JLL

QRG Capital Management Inc. lessened its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 44.5% in the third quarter, Holdings Channel.com reports. The firm owned 3,066 shares of the financial services provider’s stock after selling 2,462 shares during the quarter. QRG Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southeast Asset Advisors LLC increased its stake in shares of Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after buying an additional 39 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Jones Lang LaSalle by 2.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 47 shares during the last quarter. GAMMA Investing LLC increased its position in Jones Lang LaSalle by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 51 shares during the period. HB Wealth Management LLC raised its stake in shares of Jones Lang LaSalle by 6.7% during the third quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 53 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 3.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,607 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 57 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 20,000 shares of company stock valued at $6,609,091 over the last ninety days. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Down 3.1%

Shares of JLL stock opened at $344.42 on Wednesday. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $357.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a 50 day simple moving average of $332.16 and a two-hundred day simple moving average of $305.70. The company has a market cap of $16.25 billion, a P/E ratio of 26.41 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JLL shares. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group raised their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $350.71.

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.