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

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

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $261.62 on Monday. The company has a 50-day moving average of $262.20 and a two-hundred day moving average of $255.04. The stock has a market cap of $12.41 billion, a P/E ratio of 26.45 and a beta of 1.36. Jones Lang LaSalle has a 12-month low of $168.13 and a 12-month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

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

Institutional Trading of Jones Lang LaSalle

A number of institutional investors and hedge funds have recently made changes to their positions in JLL. American Century Companies Inc. boosted its holdings in Jones Lang LaSalle by 46.7% in the 2nd quarter. American Century Companies Inc. now owns 39,976 shares of the financial services provider’s stock worth $8,206,000 after acquiring an additional 12,732 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Jones Lang LaSalle by 48.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,694 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 1,199 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Jones Lang LaSalle by 3.3% in the second quarter. Envestnet Asset Management Inc. now owns 91,387 shares of the financial services provider’s stock valued at $18,760,000 after purchasing an additional 2,942 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Jones Lang LaSalle by 2.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,462 shares of the financial services provider’s stock valued at $1,121,000 after purchasing an additional 137 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Jones Lang LaSalle by 12.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,453 shares of the financial services provider’s stock worth $1,530,000 after buying an additional 832 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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 research report on Monday, November 25th. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.