TCW Group Inc. Has $65.33 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• TCW Group Inc. increased its stake in Jones Lang LaSalle by 1.1%, holding 263,501 shares valued at approximately $65.33 million.
• Jones Lang LaSalle reported $2.31 earnings per share, exceeding analysts' expectations of $2.02, with quarterly revenue reaching $5.75 billion.
• Analyst ratings for the stock are mostly positive, with an average rating of "Moderate Buy" and a consensus target price of $312.43.

TCW Group Inc. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,501 shares of the financial services provider's stock after purchasing an additional 2,829 shares during the quarter. TCW Group Inc. owned about 0.55% of Jones Lang LaSalle worth $65,325,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. LPL Financial LLC raised its position in Jones Lang LaSalle by 94.0% in the 1st quarter. LPL Financial LLC now owns 23,833 shares of the financial services provider's stock valued at $5,908,000 after buying an additional 11,548 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at about $208,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Jones Lang LaSalle during the first quarter valued at about $521,000. Assetmark Inc. lifted its position in shares of Jones Lang LaSalle by 56,614.7% during the first quarter. Assetmark Inc. now owns 19,283 shares of the financial services provider's stock valued at $4,780,000 after purchasing an additional 19,249 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Jones Lang LaSalle by 70.3% in the 1st quarter. Cetera Investment Advisers now owns 12,805 shares of the financial services provider's stock valued at $3,174,000 after buying an additional 5,284 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JLL shares. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $312.43.

Jones Lang LaSalle Stock Up 1.4%

JLL opened at $265.09 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $288.50. The company has a market cap of $12.58 billion, a PE ratio of 23.97 and a beta of 1.34. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $242.28 and a 200 day moving average of $246.66.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Activity at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the sale, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

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.

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