DekaBank Deutsche Girozentrale Boosts Stock Position in Jones Lang LaSalle Incorporated $JLL

DekaBank Deutsche Girozentrale increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.7% in the second quarter, HoldingsChannel reports. The firm owned 2,712 shares of the financial services provider’s stock after buying an additional 217 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Jones Lang LaSalle were worth $694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter worth about $33,000. SVB Wealth LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter worth about $38,000. Brooklyn Investment Group increased its position in Jones Lang LaSalle by 142.1% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 189 shares in the last quarter. Finally, Covestor Ltd increased its position in Jones Lang LaSalle by 30.4% during the 1st quarter. Covestor Ltd now owns 335 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on JLL. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods raised their price target on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Saturday. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, JMP Securities began coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.29.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $317.32 on Monday. The firm has a market capitalization of $15.04 billion, a P/E ratio of 27.28 and a beta of 1.39. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $322.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50-day simple moving average is $303.31 and its 200-day simple moving average is $263.80.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.55 EPS. Equities analysts predict 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.