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

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

Analyst Upgrades and Downgrades

JLL has been the subject of several recent research reports. The Goldman Sachs Group started 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 objective for the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Trading Up 0.8 %

NYSE JLL opened at $261.62 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a 50-day simple moving average of $262.20 and a 200-day simple moving average of $255.04. Jones Lang LaSalle has a one year low of $168.13 and a one year high of $288.50. The firm has a market capitalization of $12.41 billion, a PE ratio of 26.45 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last posted 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 for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $2.01 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle will post 13.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FMR LLC raised its holdings in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares in the last quarter. State Street Corp raised its stake in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after buying an additional 6,304 shares in the last quarter. Wellington Management Group LLP boosted its stake in Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock valued at $242,641,000 after buying an additional 53,066 shares in the last quarter. Geode Capital Management LLC grew its holdings in Jones Lang LaSalle by 0.3% during the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after acquiring an additional 3,109 shares during the period. Finally, Artemis Investment Management LLP raised its position in Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock worth $99,791,000 after acquiring an additional 62,700 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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.