QRG Capital Management Inc. Sells 116 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

QRG Capital Management Inc. lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,594 shares of the financial services provider’s stock after selling 116 shares during the period. QRG Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $1,416,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after purchasing an additional 10,186 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after buying an additional 5,663 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of Jones Lang LaSalle in the third quarter worth $4,276,000. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $567,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Up 1.4 %

NYSE:JLL opened at $271.40 on Monday. The firm has a market capitalization of $12.86 billion, a P/E ratio of 24.04 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company’s fifty day moving average price is $265.94 and its 200-day moving average price is $264.31. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $4.23 earnings per share. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.