TCW Group Inc. Grows Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

TCW Group Inc. raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 293,589 shares of the financial services provider's stock after acquiring an additional 28,084 shares during the quarter. TCW Group Inc. owned approximately 0.62% of Jones Lang LaSalle worth $79,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in Jones Lang LaSalle in the second quarter valued at $34,000. Brooklyn Investment Group acquired a new position in Jones Lang LaSalle in the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its position in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $37,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of 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. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Trading Up 2.9 %

NYSE JLL traded up $7.80 during trading hours on Wednesday, reaching $276.44. The company had a trading volume of 419,649 shares, compared to its average volume of 287,795. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $13.12 billion, a P/E ratio of 27.17 and a beta of 1.34. The stock has a 50-day moving average of $268.67 and a 200 day moving average of $244.70. Jones Lang LaSalle Incorporated has a 1-year low of $163.47 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. The company's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share 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.