Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 369,441 shares of the financial services provider's stock after selling 2,359 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of Jones Lang LaSalle worth $99,679,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle in the second quarter worth $34,000. UMB Bank n.a. grew its holdings in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at $37,000. Massmutual Trust Co. FSB ADV lifted its position in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after buying an additional 39 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock worth $52,000 after acquiring an additional 219 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.7 %

NYSE JLL traded up $1.92 on Wednesday, hitting $285.15. 4,507 shares of the stock traded hands, compared to its average volume of 288,410. The company has a market capitalization of $13.53 billion, a P/E ratio of 28.62 and a beta of 1.37. The stock has a 50-day moving average of $265.81 and a 200 day moving average of $238.72. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a twelve month low of $153.26 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. During the same period last year, the business posted $2.01 earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JLL shares. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a report on Monday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $271.50.

Jones Lang LaSalle Company Profile

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.