Resonant Capital Advisors LLC Makes New $249,000 Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Resonant Capital Advisors LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, HoldingsChannel reports. The fund bought 922 shares of the financial services provider’s stock, valued at approximately $249,000.

A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in Jones Lang LaSalle by 368.4% during the first quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after buying an additional 16,521 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Jones Lang LaSalle by 25.5% in the first quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after purchasing an additional 18,156 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Jones Lang LaSalle by 433.3% during the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares during the period. BDF Gestion bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at $3,550,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $1,715,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Raymond James boosted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Two investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $246.80.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $265.52 on Tuesday. The company has a 50 day moving average of $256.79 and a 200 day moving average of $223.55. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12.63 billion, a P/E ratio of 42.69 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $273.82.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

About Jones Lang LaSalle

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.