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

Jones Lang LaSalle Incorporated (NYSE:JLL) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 925,700 shares, a decrease of 5.2% from the May 31st total of 976,500 shares. Based on an average daily trading volume, of 267,200 shares, the short-interest ratio is currently 3.5 days. Currently, 2.0% of the company’s stock are short sold.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $203.48 on Wednesday. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $213.33. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.68 billion, a PE ratio of 32.71 and a beta of 1.38. The stock’s 50-day moving average price is $197.95 and its 200-day moving average price is $188.26.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Jones Lang LaSalle will post 12.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on JLL. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price for the company. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, June 21st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after buying an additional 142,887 shares in the last quarter. Equity Investment Corp lifted its stake in Jones Lang LaSalle by 2.9% in the 4th quarter. Equity Investment Corp now owns 418,115 shares of the financial services provider’s stock worth $78,969,000 after purchasing an additional 11,785 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Jones Lang LaSalle by 112.2% in the 4th quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock worth $11,470,000 after purchasing an additional 32,104 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Jones Lang LaSalle in the 4th quarter worth approximately $5,148,000. Finally, TD Asset Management Inc purchased a new position in Jones Lang LaSalle in the 4th quarter worth approximately $10,722,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.