Ranger Investment Management L.P. Makes New $12.69 Million Investment in Jones Lang LaSalle Incorporated $JLL

Ranger Investment Management L.P. purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,630 shares of the financial services provider’s stock, valued at approximately $12,694,000. Ranger Investment Management L.P. owned 0.10% of Jones Lang LaSalle at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Hudson Bay Capital Management LP acquired a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $6,430,000. Corient Private Wealth LLC boosted its stake in shares of Jones Lang LaSalle by 4.9% in the 2nd quarter. Corient Private Wealth LLC now owns 40,722 shares of the financial services provider’s stock valued at $10,416,000 after purchasing an additional 1,887 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Jones Lang LaSalle by 16.8% during the second quarter. Captrust Financial Advisors now owns 7,209 shares of the financial services provider’s stock worth $1,844,000 after buying an additional 1,035 shares during the period. Vident Advisory LLC raised its stake in Jones Lang LaSalle by 1.2% during the second quarter. Vident Advisory LLC now owns 9,464 shares of the financial services provider’s stock worth $2,421,000 after buying an additional 108 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in Jones Lang LaSalle by 21.4% in the second quarter. Tidal Investments LLC now owns 3,900 shares of the financial services provider’s stock valued at $998,000 after buying an additional 688 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Down 0.9%

NYSE JLL opened at $334.55 on Friday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $340.14. The business has a 50 day moving average price of $308.77 and a 200-day moving average price of $285.72. 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 company has a market cap of $15.79 billion, a price-to-earnings ratio of 25.66 and a beta of 1.44.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating 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 business 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. Jones Lang LaSalle’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Barclays initiated coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus price target of $342.14.

Insider Activity at Jones Lang LaSalle

In related 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 value of $31,889.28. Following the sale, the chief executive officer owned 114,685 shares in the company, valued at $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 20,000 shares of company stock worth $6,609,091 over the last ninety days. Insiders own 0.91% of the company’s stock.

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.