TCW Group Inc. decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 260,672 shares of the financial services provider's stock after selling 32,917 shares during the quarter. TCW Group Inc. owned about 0.55% of Jones Lang LaSalle worth $65,987,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd acquired a new stake in Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Principal Securities Inc. boosted its position in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.
Jones Lang LaSalle Stock Performance
JLL traded up $5.32 during trading on Wednesday, reaching $270.89. 407,097 shares of the company's stock were exchanged, compared to its average volume of 348,875. The company has a market capitalization of $12.84 billion, a P/E ratio of 23.99 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $264.85 and a 200 day moving average price of $263.69. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.23 earnings per share. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on JLL shares. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $309.00.
View Our Latest Stock Report on Jones Lang LaSalle
Jones Lang LaSalle Profile
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Free Report)
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.
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