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.
TRADEMARK VIOLATION NOTICE: “TCW Group Inc. Raises Stake in Jones Lang LaSalle Incorporated (JLL)” was posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thestockobserver.com/2017/11/14/tcw-group-inc-raises-stake-in-jones-lang-lasalle-incorporated-jll.html.
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.
Receive News & Ratings for Jones Lang LaSalle Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.