TCW Group Inc. Has $65.99 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

TCW Group Inc. reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 0.55% of Jones Lang LaSalle worth $65,987,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle during the 4th quarter worth about $35,000. Principal Securities Inc. lifted its position in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares in the last quarter. Finally, Huntington National Bank lifted its position in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after buying an additional 38 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JLL has been the topic of several analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Wolfe Research raised shares of 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. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $261.16 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 23.13 and a beta of 1.36. The firm’s 50 day simple moving average is $265.07 and its 200 day simple moving average is $263.09. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate 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 was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.23 EPS. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 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.