Short Interest in Jones Lang LaSalle Incorporated (NYSE:JLL) Grows By 14.1%

Jones Lang LaSalle Incorporated (NYSE:JLL) was the recipient of a large increase in short interest in 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 shares of the company are sold short. Based on an average daily volume of 299,300 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JLL. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $34,000. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle in the fourth quarter worth $35,000. UMB Bank n.a. lifted its position in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter valued at $37,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $283.43 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a fifty-two week low of $168.36 and a fifty-two week high of $288.50. The firm’s fifty day simple moving average is $264.85 and its 200-day simple moving average is $259.27. The stock has a market cap of $13.45 billion, a PE ratio of 28.66 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. Analysts expect that Jones Lang LaSalle will post 13.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JLL shares. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Raymond James increased 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. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six investment 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.com, the stock has a consensus rating of “Buy” and an average target price of $309.00.

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.