Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Custom Index Systems LLC

Custom Index Systems LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,288 shares of the financial services provider’s stock after acquiring an additional 264 shares during the period. Custom Index Systems LLC’s holdings in Jones Lang LaSalle were worth $1,085,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of JLL. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. UMB Bank n.a. lifted its holdings in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new stake in Jones Lang LaSalle in the 3rd quarter worth approximately $37,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL opened at $283.43 on Friday. The firm has a market capitalization of $13.45 billion, a PE ratio of 28.66 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a twelve month low of $168.36 and a twelve month high of $288.50. The firm’s 50-day moving average price is $264.85 and its 200 day moving average price is $258.90.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the prior year, the business earned $2.01 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on JLL shares. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $309.00.

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.