Ranger Investment Management L.P. Grows Position in Jones Lang LaSalle Incorporated $JLL

Ranger Investment Management L.P. boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 53.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,950 shares of the financial services provider’s stock after purchasing an additional 26,320 shares during the period. Jones Lang LaSalle makes up approximately 1.6% of Ranger Investment Management L.P.’s portfolio, making the stock its 29th biggest holding. Ranger Investment Management L.P. owned approximately 0.16% of Jones Lang LaSalle worth $22,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JLL. Hennessy Advisors Inc. acquired a new stake in shares of Jones Lang LaSalle in the third quarter worth $40,417,000. FJ Capital Management LLC lifted its holdings in shares of Jones Lang LaSalle by 38.5% during the 2nd quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock valued at $5,717,000 after acquiring an additional 6,214 shares in the last quarter. Equity Investment Corp purchased a new stake in Jones Lang LaSalle during the 3rd quarter worth $72,132,000. Bank of Montreal Can increased its holdings in Jones Lang LaSalle by 22.6% in the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock valued at $2,442,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Jones Lang LaSalle by 388.0% during the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 6,880 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays initiated coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target on the stock. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. UBS Group boosted their price objective on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, The Goldman Sachs Group increased their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $364.17.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares in the company, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 20,000 shares of company stock worth $6,609,091 over the last 90 days. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Trading Up 1.9%

Shares of NYSE JLL opened at $341.44 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $341.61 and its two-hundred day moving average price is $312.94. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The stock has a market capitalization of $16.11 billion, a P/E ratio of 26.18 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same period in the previous year, the business earned $3.50 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.