AQR Capital Management LLC Trims Stock Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• AQR Capital Management LLC reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.3%, owning 170,078 shares worth approximately $41.4 million after selling 7,609 shares in the first quarter.
• Other institutional investors, including Amundi and Graham Capital Management, significantly increased their stakes in Jones Lang LaSalle, with Amundi boosting its holdings by 186.7%.
• Jones Lang LaSalle reported a 3.30 EPS for the last quarter, exceeding analyst expectations and demonstrating an 11% year-over-year revenue growth to $6.25 billion.

AQR Capital Management LLC lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,078 shares of the financial services provider's stock after selling 7,609 shares during the period. AQR Capital Management LLC owned 0.36% of Jones Lang LaSalle worth $41,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Amundi boosted its stake in Jones Lang LaSalle by 186.7% during the 1st quarter. Amundi now owns 22,047 shares of the financial services provider's stock worth $5,115,000 after purchasing an additional 14,357 shares during the period. Graham Capital Management L.P. lifted its position in Jones Lang LaSalle by 57.5% in the first quarter. Graham Capital Management L.P. now owns 2,649 shares of the financial services provider's stock valued at $657,000 after purchasing an additional 967 shares during the period. Mubadala Investment Co PJSC lifted its position in shares of Jones Lang LaSalle by 5.0% during the 1st quarter. Mubadala Investment Co PJSC now owns 9,602 shares of the financial services provider's stock valued at $2,380,000 after acquiring an additional 454 shares during the period. Conversant Capital LLC lifted its position in shares of Jones Lang LaSalle by 25.5% during the 1st quarter. Conversant Capital LLC now owns 110,440 shares of the financial services provider's stock valued at $27,379,000 after acquiring an additional 22,440 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of Jones Lang LaSalle by 13.2% during the 1st quarter. Evergreen Capital Management LLC now owns 1,457 shares of the financial services provider's stock valued at $361,000 after acquiring an additional 170 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $311.73 on Monday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $315.14. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 26.80 and a beta of 1.41. The company has a 50-day moving average price of $276.92 and a two-hundred day moving average price of $250.44.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, topping the consensus estimate of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 EPS. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on JLL shares. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating for the company. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group lifted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, UBS Group lifted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $328.57.

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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