TCW Group Inc. Raises Stake in Jones Lang LaSalle Incorporated (JLL)

TCW Group Inc. lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 895,104 shares of the financial services provider’s stock after acquiring an additional 28,263 shares during the period. TCW Group Inc. owned approximately 1.97% of Jones Lang LaSalle worth $110,545,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $105,000. IFP Advisors Inc increased its position in shares of Jones Lang LaSalle by 0.7% during the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 6 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Jones Lang LaSalle by 406.9% during the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Jones Lang LaSalle during the second quarter worth $147,000. Finally, Commonwealth Bank of Australia boosted its holdings in Jones Lang LaSalle by 3.7% during the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 44 shares during the last quarter. 90.31% of the stock is owned by institutional investors.

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Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) traded up $2.40 during mid-day trading on Tuesday, reaching $148.16. 288,100 shares of the company’s stock were exchanged, compared to its average volume of 291,388. The firm has a market capitalization of $6,720.00, a PE ratio of 17.82, a P/E/G ratio of 1.61 and a beta of 1.84. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35. Jones Lang LaSalle Incorporated has a 12-month low of $94.00 and a 12-month high of $148.46.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.41. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 earnings per share. research analysts expect that Jones Lang LaSalle Incorporated will post 8.23 EPS for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a yield of 0.52%. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 9.38%.

Several research analysts recently commented on the stock. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. UBS AG assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price for the company. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $133.57.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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