Jones Lang LaSalle Incorporated $JLL Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 359,203 shares of the financial services provider’s stock after selling 2,677 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.76% of Jones Lang LaSalle worth $91,877,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JLL. Swedbank AB lifted its position in Jones Lang LaSalle by 115.0% during the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after acquiring an additional 501,716 shares during the period. Select Equity Group L.P. raised its stake in shares of Jones Lang LaSalle by 50.7% in the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after purchasing an additional 357,469 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $53,533,000. EdgePoint Investment Group Inc. boosted its position in Jones Lang LaSalle by 11.9% in the first quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after buying an additional 195,818 shares during the last quarter. Finally, Blair William & Co. IL raised its position in Jones Lang LaSalle by 285.8% during the 1st quarter. Blair William & Co. IL now owns 217,835 shares of the financial services provider’s stock worth $54,003,000 after buying an additional 161,371 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the transaction, the chief executive officer directly owned 139,685 shares in the company, valued at approximately $46,142,146.05. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Down 1.4%

JLL stock opened at $325.28 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $335.83. The company’s 50-day simple moving average is $303.45 and its 200-day simple moving average is $278.25. The firm has a market cap of $15.35 billion, a P/E ratio of 27.97 and a beta of 1.46.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JLL shares. The Goldman Sachs Group upped their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $340.67.

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.