Jones Lang LaSalle Incorporated (NYSE:JLL) Short Interest Update

Jones Lang LaSalle Incorporated (NYSE:JLL) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 696,200 shares, an increase of 14.1% from the December 31st total of 610,300 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 299,300 shares, the short-interest ratio is currently 2.3 days.

Jones Lang LaSalle Stock Up 0.4 %

Shares of NYSE:JLL opened at $283.43 on Monday. Jones Lang LaSalle has a fifty-two week low of $168.36 and a fifty-two week high of $288.50. The firm’s 50 day moving average price is $264.85 and its 200 day moving average price is $259.27. 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 stock has a market cap of $13.45 billion, a price-to-earnings ratio of 28.66 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the company earned $2.01 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts predict that Jones Lang LaSalle will post 13.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $309.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JLL. FMR LLC increased its stake in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after buying an additional 275,606 shares during the last quarter. International Assets Investment Management LLC raised its stake in Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after acquiring an additional 146,150 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after acquiring an additional 114,168 shares during the last quarter. Finally, Artemis Investment Management LLP grew its holdings in shares of Jones Lang LaSalle by 43.0% during the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock worth $89,446,000 after purchasing an additional 99,613 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.