Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Deutsche Bank AG

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

A number of other large investors have also recently made changes to their positions in JLL. Private Trust Co. NA grew its stake 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 valued at $27,000 after buying an additional 56 shares during the last quarter. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $35,000. Principal Securities Inc. grew its holdings in shares of Jones Lang LaSalle by 166.7% in 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. MassMutual Private Wealth & Trust FSB lifted its holdings in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after buying an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after acquiring an additional 72 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JLL. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. UBS Group dropped their target price on 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. StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Raymond James boosted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has issued 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 target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $7.88 during mid-day trading on Wednesday, hitting $220.88. The stock had a trading volume of 170,125 shares, compared to its average volume of 368,449. The company has a 50 day moving average of $231.37 and a two-hundred day moving average of $254.02. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market cap of $10.49 billion, a PE ratio of 19.56 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate 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 was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.