Charles Schwab Investment Management Inc. Sells 1,747 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Charles Schwab Investment Management Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 367,694 shares of the financial services provider’s stock after selling 1,747 shares during the period. Charles Schwab Investment Management Inc. owned 0.78% of Jones Lang LaSalle worth $93,078,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. FMR LLC raised its position in Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares during the last quarter. State Street Corp raised its position in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after acquiring an additional 6,304 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Jones Lang LaSalle by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after acquiring an additional 53,066 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after acquiring an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Jones Lang LaSalle by 18.9% in the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock worth $99,791,000 after acquiring an additional 62,700 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JLL shares. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Raymond James boosted their target price 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. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Price Performance

JLL stock opened at $250.29 on Monday. The company has a market capitalization of $11.86 billion, a P/E ratio of 22.17 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 Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The business has a 50-day simple moving average of $266.64 and a two-hundred day simple moving average of $264.86.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $4.23 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.