DekaBank Deutsche Girozentrale Purchases 1,199 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

DekaBank Deutsche Girozentrale boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 48.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,694 shares of the financial services provider’s stock after buying an additional 1,199 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Jones Lang LaSalle were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Tandem Capital Management Corp ADV boosted its stake in shares of Jones Lang LaSalle by 0.4% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock valued at $2,779,000 after purchasing an additional 55 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Jones Lang LaSalle by 4.5% in the second quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 57 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Jones Lang LaSalle by 0.4% during the second quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after buying an additional 84 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Jones Lang LaSalle by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock worth $1,289,000 after buying an additional 96 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Jones Lang LaSalle by 27.1% in the 2nd quarter. GAMMA Investing LLC now owns 534 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 114 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Up 2.4 %

Shares of JLL opened at $263.36 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $265.63. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 42.32 and a beta of 1.37. The firm’s 50-day moving average price is $244.22 and its 200-day moving average price is $211.60. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 EPS. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current year.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of analyst reports. Raymond James lifted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. UBS Group raised their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $246.80.

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.