70,269 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 70,269 shares of the financial services provider’s stock, valued at approximately $21,780,000. Jones Lang LaSalle makes up about 1.4% of Ranger Investment Management L.P.’s portfolio, making the stock its 26th biggest holding. Ranger Investment Management L.P. owned 0.15% of Jones Lang LaSalle as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JLL. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at approximately $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth $29,000. Activest Wealth Management grew its position in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Jones Lang LaSalle during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.1%

Shares of NYSE:JLL opened at $387.68 on Monday. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a market capitalization of $17.84 billion, a P/E ratio of 18.58 and a beta of 1.24. The company has a 50-day simple moving average of $335.69 and a 200 day simple moving average of $318.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 earnings per share. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Raymond James Financial reissued a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Finally, Barclays upped their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.33.

Insider Activity at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director directly owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,805 shares of company stock valued at $2,511,297 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

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.