Charles Schwab Investment Management Inc. Has $93.08 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Charles Schwab Investment Management Inc. lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,694 shares of the financial services provider's stock after selling 1,747 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of Jones Lang LaSalle worth $93,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JLL. Janney Montgomery Scott LLC raised its stake in shares of Jones Lang LaSalle by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider's stock valued at $2,117,000 after purchasing an additional 1,179 shares in the last quarter. Van ECK Associates Corp grew its position in Jones Lang LaSalle by 0.5% during the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider's stock valued at $2,972,000 after purchasing an additional 54 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Jones Lang LaSalle in the 3rd quarter worth about $1,322,000. Portside Wealth Group LLC acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at $212,000. Finally, Equitable Trust Co. increased its holdings in shares of Jones Lang LaSalle by 1.8% during the 3rd quarter. Equitable Trust Co. now owns 4,856 shares of the financial services provider's stock valued at $1,310,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Wall Street Analyst Weigh In

JLL has been the subject of several research reports. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded down $13.76 during midday trading on Thursday, reaching $239.22. 346,366 shares of the company's stock were exchanged, compared to its average volume of 298,086. The stock's 50-day simple moving average is $266.27 and its 200 day simple moving average is $264.64. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 21.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the business posted $4.23 EPS. The business's revenue was up 15.8% compared to the same quarter last year. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle 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.