Jones Lang LaSalle Incorporated (JLL) Position Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,289 shares of the financial services provider’s stock after buying an additional 8,358 shares during the period. Schwab Charles Investment Management Inc. owned 0.34% of Jones Lang LaSalle worth $16,973,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Jones Lang LaSalle by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,172 shares of the financial services provider’s stock worth $122,000 after buying an additional 58 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Jones Lang LaSalle by 0.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,689 shares of the financial services provider’s stock worth $745,000 after buying an additional 58 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Jones Lang LaSalle by 2.4% in the first quarter. World Asset Management Inc now owns 3,044 shares of the financial services provider’s stock worth $339,000 after buying an additional 70 shares in the last quarter. Tdam USA Inc. boosted its stake in shares of Jones Lang LaSalle by 0.5% in the first quarter. Tdam USA Inc. now owns 14,237 shares of the financial services provider’s stock worth $1,587,000 after buying an additional 72 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Jones Lang LaSalle by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 14,400 shares of the financial services provider’s stock worth $1,604,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Jones Lang LaSalle Incorporated (JLL) traded up 0.35% during mid-day trading on Friday, hitting $125.08. 172,397 shares of the stock were exchanged. The stock’s 50-day moving average is $124.63 and its 200 day moving average is $114.55. The company has a market capitalization of $5.66 billion, a PE ratio of 18.89 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 52 week low of $86.62 and a 52 week high of $134.76.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.37. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post $8.02 EPS for the current year.

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A number of brokerages have commented on JLL. Barclays PLC increased their price target on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG assumed coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price for the company. Finally, TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $133.43.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the director now directly owns 48,342 shares of the company’s stock, valued at $5,801,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 3,000 shares of company stock worth $361,240. Insiders own 0.72% of the company’s stock.

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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