Hunter Associates Investment Management LLC Buys 2,711 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Hunter Associates Investment Management LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 33.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,873 shares of the financial services provider's stock after purchasing an additional 2,711 shares during the quarter. Hunter Associates Investment Management LLC's holdings in Jones Lang LaSalle were worth $2,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JLL. Custom Index Systems LLC increased its position in Jones Lang LaSalle by 158.1% during the 3rd quarter. Custom Index Systems LLC now owns 4,024 shares of the financial services provider's stock worth $1,086,000 after buying an additional 2,465 shares during the period. State of Alaska Department of Revenue increased its position in Jones Lang LaSalle by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,531 shares of the financial services provider's stock worth $1,492,000 after acquiring an additional 370 shares during the period. First Bank & Trust raised its stake in Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock worth $607,000 after purchasing an additional 54 shares in the last quarter. PFG Investments LLC acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $304,000. Finally, CWC Advisors LLC. bought a new position in shares of Jones Lang LaSalle during the third quarter worth approximately $443,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded down $1.15 during midday trading on Tuesday, hitting $271.92. 247,623 shares of the company traded hands, compared to its average volume of 282,571. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 43.72 and a beta of 1.37. 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 firm's fifty day moving average price is $260.28 and its 200-day moving average price is $227.39. Jones Lang LaSalle Incorporated has a 12 month low of $123.17 and a 12 month high of $279.65.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.55 earnings per share for the current 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.