Tandem Capital Management Corp ADV Raises Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Tandem Capital Management Corp ADV increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,696 shares of the financial services provider’s stock after purchasing an additional 99 shares during the period. Jones Lang LaSalle accounts for 1.9% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 17th largest holding. Tandem Capital Management Corp ADV’s holdings in Jones Lang LaSalle were worth $3,467,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JLL. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd purchased a new position in Jones Lang LaSalle in the 4th quarter worth approximately $35,000. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $37,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL opened at $277.00 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $264.71 and a 200 day moving average of $259.59. Jones Lang LaSalle Incorporated has a 52-week low of $168.36 and a 52-week high of $288.50. The stock has a market cap of $13.14 billion, a P/E ratio of 28.01 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.01 EPS. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JLL shares. JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a 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 target price on the stock. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Raymond James increased 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. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $309.00.

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.