Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 13,597 shares of the financial services provider’s stock after selling 150 shares during the quarter. Jones Lang LaSalle comprises 1.9% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 16th biggest holding. Tandem Capital Management Corp ADV’s holdings in Jones Lang LaSalle were worth $3,669,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $34,000. UMB Bank n.a. boosted its position in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV boosted its position in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Mather Group LLC. raised its stake in Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 219 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JLL. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James lifted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, UBS Group boosted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $246.80.

Jones Lang LaSalle Stock Performance

JLL stock opened at $275.10 on Thursday. The company has a market cap of $13.06 billion, a P/E ratio of 34.73 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $125.64 and a twelve month high of $280.48. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average is $260.85 and its 200-day moving average is $227.73.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.55 EPS for the current 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.