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

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

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors and hedge funds have recently made changes to their positions in JLL. Rise Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at $30,000. Innealta Capital LLC purchased a new stake in Jones Lang LaSalle during the second quarter valued at about $34,000. Atlas Capital Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the 1st quarter worth about $35,000. Riverview Trust Co bought a new position in shares of Jones Lang LaSalle during the 1st quarter valued at about $38,000. Finally, Mather Group LLC. lifted its position in Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL stock traded up $2.01 during midday trading on Monday, reaching $252.84. 197,294 shares of the company’s stock traded hands, compared to its average volume of 277,506. The firm has a market capitalization of $12.03 billion, a PE ratio of 40.33 and a beta of 1.38. The company has a 50-day moving average price of $209.84 and a two-hundred day moving average price of $193.35. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $254.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $0.85 by $0.93. The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle will post 12.4 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on JLL shares. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price on the stock. UBS Group boosted their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $233.67.

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.