DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 75.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,416 shares of the financial services provider's stock after selling 90,685 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.06% of Jones Lang LaSalle worth $7,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Conversant Capital LLC grew its position in shares of Jones Lang LaSalle by 46.7% during the 4th quarter. Conversant Capital LLC now owns 88,000 shares of the financial services provider's stock valued at $22,276,000 after purchasing an additional 28,000 shares in the last quarter. Crestline Management LP purchased a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $4,101,000. Cetera Investment Advisers grew its position in shares of Jones Lang LaSalle by 24.5% during the 4th quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider's stock valued at $1,904,000 after purchasing an additional 1,479 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $2,233,000. Finally, BOKF NA purchased a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $145,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent analyst reports. UBS Group reduced their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods cut their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James upped 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 research report on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Trading Down 0.4%

Jones Lang LaSalle stock traded down $1.02 during mid-day trading on Thursday, hitting $235.02. The company's stock had a trading volume of 133,056 shares, compared to its average volume of 321,768. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 20.82 and a beta of 1.33. The business has a 50 day moving average price of $232.33 and a 200-day moving average price of $255.20. Jones Lang LaSalle Incorporated has a 12 month low of $192.94 and a 12 month high of $288.50.

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