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

Jones Lang LaSalle Incorporated (NYSE:JLL) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 856,115 shares, a growth of 44.1% from the January 29th total of 594,014 shares. Based on an average daily volume of 908,568 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.8% of the shares of the stock are sold short. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 908,568 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

JLL has been the subject of several analyst reports. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. UBS Group boosted their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Barclays began coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $362.50.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $330.24, for a total transaction of $1,651,200.00. Following the completion of the sale, the chief executive officer owned 129,445 shares in the company, valued at approximately $42,747,916.80. This trade represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 14,760 shares of company stock worth $4,878,238. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust lifted its holdings in Jones Lang LaSalle by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 30 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Jones Lang LaSalle by 15.8% during the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after buying an additional 30 shares in the last quarter. Chilton Capital Management LLC boosted its holdings in Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares during the period. Southeast Asset Advisors LLC increased its stake in Jones Lang LaSalle by 0.7% in the 2nd quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after buying an additional 39 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Jones Lang LaSalle by 7.9% during the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 40 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $0.97 during trading on Tuesday, hitting $314.61. 206,074 shares of the company’s stock traded hands, compared to its average volume of 577,469. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $14.74 billion, a P/E ratio of 19.17 and a beta of 1.42. The business has a 50-day simple moving average of $335.46 and a 200-day simple moving average of $318.30. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.15 earnings per share. As a group, analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.