Jones Lang LaSalle Incorporated (JLL) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,233 shares of the financial services provider’s stock after acquiring an additional 9,944 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.36% of Jones Lang LaSalle worth $20,280,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JLL. IFP Advisors Inc raised its holdings in shares of Jones Lang LaSalle by 0.7% during the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 6 shares during the period. Robecosam AG raised its holdings in shares of Jones Lang LaSalle by 25.0% during the first quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 250 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Jones Lang LaSalle by 18.2% during the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 200 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $147,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Jones Lang LaSalle by 60.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $125.80, for a total transaction of $125,800.00. Following the sale, the director now directly owns 47,417 shares in the company, valued at approximately $5,965,058.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

A number of equities research analysts have recently issued reports on JLL shares. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Monday, June 19th. Barclays PLC boosted their price target on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $120.00 price target on shares of Jones Lang LaSalle in a report on Friday, June 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $133.43.

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Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 120.74 on Wednesday. The stock has a market capitalization of $5.47 billion, a P/E ratio of 18.23 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 12 month low of $86.62 and a 12 month high of $134.76. The company’s 50-day moving average is $121.68 and its 200-day moving average is $117.79.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm 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 business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post $8.22 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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