Schwab Charles Investment Management Inc. Has $16.97 Million Position in Jones Lang LaSalle Incorporated (JLL)

Schwab Charles Investment Management Inc. raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.34% of Jones Lang LaSalle worth $16,973,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Jones Lang LaSalle by 679.3% in the first quarter. IFP Advisors Inc now owns 904 shares of the financial services provider’s stock valued at $101,000 after buying an additional 788 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased 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 valued at $122,000 after buying an additional 58 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Jones Lang LaSalle by 9.1% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $134,000 after buying an additional 100 shares in the last quarter. Robecosam AG increased its stake in shares of Jones Lang LaSalle by 25.0% in the first quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after buying an additional 250 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Jones Lang LaSalle by 18.2% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Jones Lang LaSalle Incorporated (JLL) opened at 125.69 on Wednesday. The firm has a market cap of $5.69 billion, a P/E 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 $127.70. The stock has a 50 day moving average of $117.22 and a 200 day moving average of $110.68.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Friday, May 5th. The financial services provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. Jones Lang LaSalle had a return on equity of 12.44% and a net margin of 4.28%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $0.82 earnings per share. Jones Lang LaSalle’s revenue was up 20.8% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post $7.98 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Thursday, June 15th. Investors of record on Monday, May 15th were given a $0.35 dividend. The ex-dividend date was Thursday, May 11th. This represents a dividend yield of 0.57%. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.33. Jones Lang LaSalle’s dividend payout ratio (DPR) is presently 10.54%.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research note on Monday. BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Barclays PLC boosted their target price 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. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $120.00 target price on shares of Jones Lang LaSalle in a research note on Friday, June 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $129.67.

In related news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $115.44, for a total value of $115,440.00. Following the transaction, the director now owns 48,847 shares in the company, valued at $5,638,897.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

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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