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 trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 75.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 owned about 0.06% of Jones Lang LaSalle worth $7,446,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Boston Trust Walden Corp raised its holdings in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after acquiring an additional 5,663 shares during the last quarter. Principal Securities Inc. raised its stake in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $413,000. New Age Alpha Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $7,099,000. Finally, Diversified Trust Co acquired a new position in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $567,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 5th. Raymond James lifted their price target on 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 decreased their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $315.83.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle 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 firm has a market capitalization of $10.91 billion, a P/E ratio of 20.34 and a beta of 1.33. The firm has a fifty day moving average of $233.57 and a 200-day moving average of $255.82. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.