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

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 633,100 shares, a growth of 20.9% from the March 31st total of 523,600 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 386,200 shares, the short-interest ratio is currently 1.6 days.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $4.95 during trading on Friday, reaching $234.44. The company had a trading volume of 353,960 shares, compared to its average volume of 320,491. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm's 50-day simple moving average is $237.37 and its 200 day simple moving average is $257.04. The firm has a market capitalization of $11.14 billion, a PE ratio of 20.77 and a beta of 1.22. Jones Lang LaSalle has a 1-year low of $182.33 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. During the same quarter in the previous year, the company earned $4.23 earnings per share. The company's quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Jones Lang LaSalle during the 4th quarter worth $149,468,000. SG Americas Securities LLC boosted its position in Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after acquiring an additional 275,606 shares during the last quarter. Marshall Wace LLP grew its stake in Jones Lang LaSalle by 134.5% during the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock valued at $94,474,000 after acquiring an additional 214,087 shares in the last quarter. GAMMA Investing LLC raised its holdings in Jones Lang LaSalle by 25,132.7% in the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock valued at $52,671,000 after acquiring an additional 211,617 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Jones Lang LaSalle by 146.2% in the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after purchasing an additional 199,197 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JLL shares. UBS Group cut their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and a consensus price target of $315.83.

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.

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