Jones Lang LaSalle Incorporated (NYSE:JLL) Sees Significant Drop in Short Interest

Jones Lang LaSalle Incorporated (NYSE:JLL) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 639,320 shares, a decrease of 13.7% from the February 26th total of 740,967 shares. Based on an average daily volume of 454,744 shares, the short-interest ratio is currently 1.4 days. Approximately 1.4% of the shares of the company are short sold.

Insider Activity at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is currently owned by company insiders.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently made changes to their positions in JLL. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $25,000. International Assets Investment Management LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $29,000. Activest Wealth Management lifted its position in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Jones Lang LaSalle during the 4th quarter worth $35,000. Finally, Chilton Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 33 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Up 0.6%

JLL opened at $306.03 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $14.34 billion, a PE ratio of 18.65 and a beta of 1.41. The stock’s fifty day moving average is $315.09 and its 200-day moving average is $317.58. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the business posted $6.15 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

JLL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Barclays reduced their price target on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.17.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.