Short Interest in Jones Lang LaSalle Incorporated (NYSE:JLL) Declines By 8.8%

Jones Lang LaSalle Incorporated (NYSE:JLL) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 610,300 shares, a decrease of 8.8% from the November 30th total of 669,500 shares. Based on an average daily volume of 306,100 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.3% of the shares of the company are sold short.

Jones Lang LaSalle Trading Up 0.4 %

Jones Lang LaSalle stock traded up $0.96 during midday trading on Wednesday, reaching $253.14. The stock had a trading volume of 186,507 shares, compared to its average volume of 287,048. Jones Lang LaSalle has a twelve month low of $167.11 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 25.60 and a beta of 1.34. The firm’s fifty day simple moving average is $267.33 and its two-hundred day simple moving average is $251.02.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 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 last year, the company posted $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle will post 13.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JLL. JPMorgan Chase & Co. boosted its stake in shares of Jones Lang LaSalle by 39.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock worth $53,073,000 after acquiring an additional 55,322 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $24,283,000. DGS Capital Management LLC raised its position in shares of Jones Lang LaSalle by 20.4% in the third quarter. DGS Capital Management LLC now owns 2,344 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 397 shares during the period. American Trust acquired a new stake in shares of Jones Lang LaSalle in the third quarter worth $208,000. Finally, Tidal Investments LLC acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $218,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JLL shares. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $301.57.

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.