Custom Index Systems LLC Grows Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Custom Index Systems LLC lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 158.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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 during the period. Parallel Advisors LLC grew its holdings in Jones Lang LaSalle by 3.1% in the second quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 49 shares during the period. First Bank & Trust raised its stake in Jones Lang LaSalle by 2.5% during the third 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 during the period. Tandem Capital Management Corp ADV boosted its holdings in shares of Jones Lang LaSalle by 0.4% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock valued at $2,779,000 after purchasing an additional 55 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Jones Lang LaSalle by 4.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock valued at $273,000 after buying an additional 57 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 1.1 %

NYSE JLL traded down $3.10 on Friday, reaching $271.03. The company had a trading volume of 167,425 shares, compared to its average volume of 283,168. The firm has a 50-day moving average of $259.22 and a 200-day moving average of $225.81. Jones Lang LaSalle Incorporated has a 1 year low of $120.75 and a 1 year high of $279.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The firm has a market capitalization of $12.89 billion, a PE ratio of 43.57 and a beta of 1.37.

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 (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 firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JLL. UBS Group lifted their target price 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 Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Raymond James raised 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 report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $246.80.

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.