TCW Group Inc. Acquires 28,084 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

TCW Group Inc. increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 293,589 shares of the financial services provider’s stock after purchasing an additional 28,084 shares during the period. TCW Group Inc.’s holdings in Jones Lang LaSalle were worth $79,213,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. FMR LLC boosted its holdings in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after acquiring an additional 459,466 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $55,152,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after purchasing an additional 181,246 shares during the last quarter. International Assets Investment Management LLC raised its stake in Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after buying an additional 146,150 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Jones Lang LaSalle by 43.0% in the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after buying an additional 99,613 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of several research analyst reports. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. The Goldman Sachs Group assumed coverage on 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. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $287.71.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $268.69 on Wednesday. The stock’s 50 day moving average is $268.67 and its 200-day moving average is $244.70. Jones Lang LaSalle Incorporated has a twelve month low of $163.47 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 27.17 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share 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 analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $2.01 earnings per share. Sell-side analysts forecast 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.