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

Jones Lang LaSalle Incorporated (NYSE:JLL) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 270,800 shares, the short-interest ratio is presently 3.9 days. Approximately 2.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target 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, July 25th. Raymond James lifted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. 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 price target for the company. UBS Group lifted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Three research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.67.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC grew its stake in shares of Jones Lang LaSalle by 17.2% in the second quarter. Concurrent Investment Advisors LLC now owns 16,918 shares of the financial services provider’s stock worth $3,473,000 after acquiring an additional 2,477 shares during the period. Abacus Planning Group Inc. increased its holdings in Jones Lang LaSalle by 12.6% during the second quarter. Abacus Planning Group Inc. now owns 2,426 shares of the financial services provider’s stock valued at $498,000 after buying an additional 271 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in Jones Lang LaSalle during the second quarter valued at approximately $588,000. Atlas Capital Advisors LLC increased its holdings in Jones Lang LaSalle by 569.1% during the second quarter. Atlas Capital Advisors LLC now owns 1,191 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,013 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Jones Lang LaSalle by 21.8% during the second quarter. Crossmark Global Holdings Inc. now owns 18,896 shares of the financial services provider’s stock valued at $3,879,000 after buying an additional 3,376 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Up 0.8 %

Jones Lang LaSalle stock traded up $1.89 during trading hours on Wednesday, hitting $250.14. The stock had a trading volume of 23,080 shares, compared to its average volume of 276,205. The stock’s 50-day moving average price is $211.82 and its 200-day moving average price is $194.43. Jones Lang LaSalle has a 12-month low of $119.46 and a 12-month high of $254.59. The stock has a market capitalization of $11.90 billion, a P/E ratio of 39.90 and a beta of 1.38. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34.

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

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.