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

Jones Lang LaSalle Incorporated (NYSE:JLL) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 474,500 shares, a decrease of 23.6% from the January 31st total of 620,900 shares. Based on an average trading volume of 324,600 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Huntington National Bank lifted its position in Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after buying an additional 38 shares during the period. Tidal Investments LLC lifted its holdings in shares of Jones Lang LaSalle by 4.7% during the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 38 shares during the period. Hudson Edge Investment Partners Inc. grew its holdings in Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 40 shares during the period. CIBC Asset Management Inc increased its position in Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 47 shares during the last quarter. Finally, Greenleaf Trust raised its stake in Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 47 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target 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. Raymond James boosted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded down $3.97 during midday trading on Thursday, reaching $266.25. 28,515 shares of the company traded hands, compared to its average volume of 290,854. The firm has a market cap of $12.62 billion, a PE ratio of 23.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm’s 50 day simple moving average is $266.33 and its two-hundred day simple moving average is $264.58. Jones Lang LaSalle has a 1-year low of $171.45 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

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.