QRG Capital Management Inc. Purchases 6,922 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• QRG Capital Management increased its stake in Jones Lang LaSalle by 225.8% in Q4, acquiring an additional 6,922 shares to own 9,988 shares valued at about $3.36 million.
• JLL posted a strong quarter (announced Apr. 30) with EPS of $3.43 vs. $3.01 expected and revenue of $6.39 billion (up 11.1% year‑over‑year), beating analysts' estimates.
• Analysts hold a Moderate Buy consensus on JLL with a consensus target of $365.33, and some firms (e.g., UBS) have raised price targets as institutional ownership remains high (~94.8%).

QRG Capital Management Inc. boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 225.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,988 shares of the financial services provider's stock after acquiring an additional 6,922 shares during the period. QRG Capital Management Inc.'s holdings in Jones Lang LaSalle were worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JLL. Integrated Wealth Concepts LLC acquired a new position in shares of Jones Lang LaSalle during the first quarter worth approximately $546,000. Empowered Funds LLC increased its stake in Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider's stock valued at $1,003,000 after purchasing an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Jones Lang LaSalle by 33.8% during the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider's stock worth $128,000 after buying an additional 126 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of Jones Lang LaSalle by 28.4% in the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider's stock valued at $428,000 after buying an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at about $211,000. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 2.6%

Shares of JLL stock opened at $326.34 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 17.54 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 52-week low of $211.86 and a 52-week high of $363.06. The company has a 50-day simple moving average of $314.77 and a two-hundred day simple moving average of $322.26.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts' consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.35 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the business's stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director owned 14,985 shares of the company's stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

JLL has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. Weiss Ratings raised Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. UBS Group increased their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. Finally, Barclays decreased their price target on Jones Lang LaSalle from $355.00 to $348.00 and set an "equal weight" rating for the company in a report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $365.33.

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.

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