DekaBank Deutsche Girozentrale Sells 8,481 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

DekaBank Deutsche Girozentrale decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,352 shares of the financial services provider's stock after selling 8,481 shares during the period. DekaBank Deutsche Girozentrale's holdings in Jones Lang LaSalle were worth $633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 57 shares during the period. Cerity Partners LLC lifted its stake in shares of Jones Lang LaSalle by 2.0% in the second quarter. Cerity Partners LLC now owns 3,042 shares of the financial services provider's stock valued at $474,000 after purchasing an additional 61 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider's stock valued at $822,000 after purchasing an additional 83 shares during the period. HighTower Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 2.5% in the first quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider's stock valued at $818,000 after purchasing an additional 84 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Jones Lang LaSalle by 78.7% in the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JLL shares. TheStreet upgraded shares of Jones Lang LaSalle from a "c+" rating to a "b-" rating in a research report on Wednesday, February 14th. StockNews.com upgraded shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Wednesday, February 28th. Wolfe Research restated a "peer perform" rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James raised shares of Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a "buy" rating and a $246.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.00.

Jones Lang LaSalle Stock Down 1.3 %

Shares of JLL stock traded down $2.29 on Tuesday, hitting $173.97. The stock had a trading volume of 204,871 shares, compared to its average volume of 277,422. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 37.33 and a beta of 1.42. The stock's 50 day moving average is $186.62 and its 200-day moving average is $168.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.36 earnings per share. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current 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.