Deutsche Bank AG Has $16.45 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Deutsche Bank AG grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 94.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,976 shares of the financial services provider’s stock after acquiring an additional 31,608 shares during the period. Deutsche Bank AG owned 0.14% of Jones Lang LaSalle worth $16,448,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JLL. Private Trust Co. NA increased its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth $35,000. Principal Securities Inc. increased its holdings in Jones Lang LaSalle by 166.7% in the fourth 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 period. MassMutual Private Wealth & Trust FSB increased its holdings in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 72 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 0.3%

Jones Lang LaSalle stock opened at $235.28 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $192.94 and a 1-year high of $288.50. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 20.84 and a beta of 1.33. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $232.21 and a 200 day simple moving average of $254.94.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates 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 business earned $1.78 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on JLL. Raymond James upped 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 research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of 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. UBS Group dropped their price target 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. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.