Hanlon Investment Management Inc. Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Hanlon Investment Management Inc. acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,816 shares of the financial services provider’s stock, valued at approximately $490,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after buying an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Finally, Mather Group LLC. lifted its holdings in shares of Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Raymond James increased their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Stock Down 0.6 %

JLL opened at $266.19 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market capitalization of $12.63 billion, a PE ratio of 33.82 and a beta of 1.37. The stock’s fifty day moving average is $261.67 and its 200-day moving average is $230.07. Jones Lang LaSalle Incorporated has a one year low of $136.83 and a one year high of $280.48.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. Jones Lang LaSalle’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current fiscal 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.