DekaBank Deutsche Girozentrale Sells 982 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

DekaBank Deutsche Girozentrale trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 26.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,712 shares of the financial services provider’s stock after selling 982 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Jones Lang LaSalle were worth $720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Bank & Trust raised its holdings in Jones Lang LaSalle by 2.5% during the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 54 shares during the last quarter. PFG Investments LLC acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $304,000. CWC Advisors LLC. bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $443,000. Heritage Oak Wealth Advisors LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth $257,000. Finally, Moody Aldrich Partners LLC bought a new stake in Jones Lang LaSalle in the third quarter valued at about $250,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on JLL shares. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James lifted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Performance

JLL opened at $265.00 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 33.46 and a beta of 1.37. The business’s 50-day moving average price is $261.44 and its two-hundred day moving average price is $228.64. Jones Lang LaSalle Incorporated has a 1 year low of $129.57 and a 1 year high of $280.48.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current fiscal 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.