Custom Index Systems LLC Purchases 2,465 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Custom Index Systems LLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 158.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,024 shares of the financial services provider's stock after purchasing an additional 2,465 shares during the quarter. Custom Index Systems LLC's holdings in Jones Lang LaSalle were worth $1,086,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at $37,000. Massmutual Trust Co. FSB ADV grew its holdings in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after buying an additional 39 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth $34,000. Finally, Mather Group LLC. boosted its position in shares of Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. UBS Group raised their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods upped 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and an average target price of $246.80.

Jones Lang LaSalle Price Performance

NYSE JLL traded down $3.10 on Friday, hitting $271.03. 167,425 shares of the company's stock were exchanged, compared to its average volume of 283,168. The stock has a 50-day moving average of $259.22 and a 200-day moving average of $226.11. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 43.57 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 52 week low of $120.75 and a 52 week high of $279.65. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. Jones Lang LaSalle's revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Analysts expect that Jones Lang LaSalle Incorporated will post 12.55 earnings per share for the current year.

Jones Lang LaSalle Company 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.