Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 75.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,416 shares of the financial services provider’s stock after selling 90,685 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Jones Lang LaSalle were worth $7,446,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JLL. Boston Trust Walden Corp boosted its stake in Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after acquiring an additional 5,663 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Jones Lang LaSalle during the fourth quarter valued at approximately $413,000. New Age Alpha Advisors LLC bought a new position in Jones Lang LaSalle during the 4th quarter worth approximately $7,099,000. Finally, Diversified Trust Co acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $567,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.8 %

Shares of JLL stock opened at $229.64 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $233.57 and a 200 day simple moving average of $255.82. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The stock has a market capitalization of $10.91 billion, a P/E ratio of 20.34 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JLL shares. JPMorgan Chase & Co. dropped their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Monday, May 5th. Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. UBS Group dropped their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $315.83.

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.