Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 71.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,352 shares of the financial services provider’s stock after selling 8,481 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Jones Lang LaSalle were worth $633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd increased its stake in shares of Jones Lang LaSalle by 61.3% in the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 57 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $46,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $29,000. Exchange Traded Concepts LLC increased its stake in shares of Jones Lang LaSalle by 78.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 96 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $47,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on JLL shares. Jefferies Financial Group started coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price objective for the company. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. StockNews.com raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $176.26 on Tuesday. The business has a 50-day moving average of $186.57 and a 200 day moving average of $168.56. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $200.14. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 37.82 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.53. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter last year, the business posted $4.36 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current year.

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.