TCW Group Inc. Has $79.21 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

TCW Group Inc. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 293,589 shares of the financial services provider’s stock after buying an additional 28,084 shares during the period. TCW Group Inc. owned approximately 0.62% of Jones Lang LaSalle worth $79,213,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JLL. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $34,000. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at $37,000. Massmutual Trust Co. FSB ADV increased its position in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth $34,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research report on Tuesday. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $287.71.

Jones Lang LaSalle Trading Down 1.6 %

Shares of JLL stock opened at $268.69 on Wednesday. Jones Lang LaSalle Incorporated has a fifty-two week low of $163.47 and a fifty-two week high of $288.50. The stock’s fifty day moving average price is $268.67 and its two-hundred day moving average price is $244.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market cap of $12.75 billion, a PE ratio of 27.17 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.01 earnings per share. Equities analysts predict that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal 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.