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

Key Points

• Deutsche Bank AG has significantly increased its stake in Jones Lang LaSalle, raising ownership by 119.3% to approximately 0.30% of the company, worth around $35.3 million.
• Several institutional investors have recently adjusted their positions in JLL, with 94.80% of the company's stock now owned by these investors.
• Analysts have mixed ratings on JLL, with a recent update reflecting an average target price of $312.43 and a majority rating of "Moderate Buy."

Deutsche Bank AG grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 119.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,489 shares of the financial services provider's stock after purchasing an additional 77,513 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Jones Lang LaSalle worth $35,324,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Norden Group LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at about $287,000. PNC Financial Services Group Inc. boosted its holdings in Jones Lang LaSalle by 11.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock valued at $646,000 after purchasing an additional 262 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in Jones Lang LaSalle by 120.0% during the first quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock worth $1,102,000 after purchasing an additional 2,426 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Jones Lang LaSalle during the first quarter worth $8,164,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Jones Lang LaSalle by 34.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after buying an additional 2,252 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on JLL. UBS Group raised their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. JMP Securities began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $316.14.

Jones Lang LaSalle Stock Up 0.4%

Shares of NYSE JLL traded up $1.08 during mid-day trading on Friday, reaching $294.71. The company had a trading volume of 377,426 shares, compared to its average volume of 461,633. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $258.67 and a two-hundred day simple moving average of $248.25. The stock has a market cap of $13.96 billion, a P/E ratio of 25.34 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $298.39.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company's revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $2.55 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the sale, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

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.