Charles Schwab Investment Management Inc. Has $89.71 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Charles Schwab Investment Management Inc. cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,880 shares of the financial services provider's stock after selling 5,814 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.76% of Jones Lang LaSalle worth $89,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MGB Wealth Management LLC boosted its holdings in Jones Lang LaSalle by 16.3% during the 1st quarter. MGB Wealth Management LLC now owns 1,250 shares of the financial services provider's stock valued at $310,000 after acquiring an additional 175 shares during the period. Legacy Capital Group California Inc. boosted its position in Jones Lang LaSalle by 19.9% during the first quarter. Legacy Capital Group California Inc. now owns 1,127 shares of the financial services provider's stock worth $279,000 after purchasing an additional 187 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Jones Lang LaSalle by 10.8% during the first quarter. Wealthspire Advisors LLC now owns 999 shares of the financial services provider's stock valued at $248,000 after acquiring an additional 97 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Jones Lang LaSalle during the first quarter worth approximately $231,000. Finally, Blair William & Co. IL raised its position in Jones Lang LaSalle by 285.8% in the first quarter. Blair William & Co. IL now owns 217,835 shares of the financial services provider's stock valued at $54,003,000 after purchasing an additional 161,371 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Up 0.4%

Jones Lang LaSalle stock traded up $1.08 during mid-day trading on Friday, reaching $294.71. 377,426 shares of the company traded hands, compared to its average volume of 461,633. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The firm's 50 day moving average price is $258.67 and its 200 day moving average price is $248.25. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 25.34 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $298.39.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.10. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.55 EPS. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on JLL. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Citizens Jmp began coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. UBS Group lifted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group boosted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, JMP Securities started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating for the company. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of "Moderate Buy" and an average target price of $316.14.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

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.