Short Interest in Jones Lang LaSalle Incorporated (NYSE:JLL) Expands By 13.8%

Jones Lang LaSalle Incorporated (NYSE:JLL) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,050,000 shares, a growth of 13.8% from the June 30th total of 922,600 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 270,800 shares, the days-to-cover ratio is presently 3.9 days.

Jones Lang LaSalle Stock Up 0.8 %

Shares of NYSE JLL traded up $2.01 during mid-day trading on Monday, hitting $252.84. The company had a trading volume of 197,294 shares, compared to its average volume of 277,506. Jones Lang LaSalle has a one year low of $119.46 and a one year high of $254.59. The company has a market capitalization of $12.03 billion, a PE ratio of 40.33 and a beta of 1.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $209.84 and a two-hundred day simple moving average of $193.35.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, equities analysts expect that Jones Lang LaSalle will post 12.4 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Jones Lang LaSalle during the fourth quarter worth approximately $97,222,000. Swedbank AB acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $97,018,000. EdgePoint Investment Group Inc. raised its stake in Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after acquiring an additional 443,992 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Jones Lang LaSalle by 84.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in shares of Jones Lang LaSalle by 3,097.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after purchasing an additional 187,196 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JLL shares. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $200.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Finally, Raymond James boosted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.67.

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.