Tandem Capital Management Corp ADV Sells 150 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Tandem Capital Management Corp ADV reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,597 shares of the financial services provider’s stock after selling 150 shares during the quarter. Jones Lang LaSalle accounts for about 1.9% of Tandem Capital Management Corp ADV’s holdings, making the stock its 16th largest holding. Tandem Capital Management Corp ADV’s holdings in Jones Lang LaSalle were worth $3,669,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. First Trust Direct Indexing L.P. bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $457,000. Integrated Advisors Network LLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at $586,000. Hunter Associates Investment Management LLC boosted its stake in shares of Jones Lang LaSalle by 33.2% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,873 shares of the financial services provider’s stock worth $2,931,000 after buying an additional 2,711 shares during the last quarter. Custom Index Systems LLC boosted its stake in shares of Jones Lang LaSalle by 158.1% in the 3rd quarter. Custom Index Systems LLC now owns 4,024 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 2,465 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Jones Lang LaSalle by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,531 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 370 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. 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 report on Thursday, August 8th. Raymond James boosted 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. Finally, UBS Group increased their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $275.10 on Thursday. The business has a 50-day moving average of $260.85 and a 200 day moving average of $227.73. Jones Lang LaSalle Incorporated has a 12 month low of $125.64 and a 12 month high of $280.48. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 34.73 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58.

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

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.