Deutsche Bank AG Acquires 31,608 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Deutsche Bank AG raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 94.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,976 shares of the financial services provider's stock after buying an additional 31,608 shares during the period. Deutsche Bank AG owned approximately 0.14% of Jones Lang LaSalle worth $16,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oak Thistle LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at $686,000. Assenagon Asset Management S.A. boosted its stake in shares of Jones Lang LaSalle by 264.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 95,426 shares of the financial services provider's stock valued at $24,156,000 after acquiring an additional 69,273 shares during the last quarter. Ritholtz Wealth Management raised its stake in Jones Lang LaSalle by 48.2% in the 4th quarter. Ritholtz Wealth Management now owns 3,121 shares of the financial services provider's stock valued at $790,000 after purchasing an additional 1,015 shares during the last quarter. Shelton Wealth Management LLC lifted its holdings in Jones Lang LaSalle by 10.0% in the 4th quarter. Shelton Wealth Management LLC now owns 3,035 shares of the financial services provider's stock valued at $768,000 after purchasing an additional 275 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after purchasing an additional 62,700 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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. JPMorgan Chase & Co. dropped their target price on 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. StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods dropped 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, Raymond James boosted their target price 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Stock Down 2.0%

Jones Lang LaSalle stock traded down $4.76 during trading hours on Monday, hitting $231.18. The company had a trading volume of 337,220 shares, compared to its average volume of 323,341. The firm's fifty day moving average is $232.01 and its 200-day moving average is $254.44. The firm has a market capitalization of $10.98 billion, a P/E ratio of 20.48 and a beta of 1.33. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current 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.