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

Jones Lang LaSalle Incorporated (NYSE:JLL) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 620,900 shares, a decline of 6.3% from the January 15th total of 662,500 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 310,200 shares, the short-interest ratio is presently 2.0 days.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $3.77 on Monday, hitting $283.10. The stock had a trading volume of 271,590 shares, compared to its average volume of 305,153. Jones Lang LaSalle has a 52-week low of $171.45 and a 52-week high of $288.50. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 28.62 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $264.98 and its two-hundred day simple moving average is $262.20.

Institutional Trading of Jones Lang LaSalle

Several large investors have recently added to or reduced their stakes in the business. Huntington National Bank raised its stake in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares during the period. Tidal Investments LLC increased its stake in shares of Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 38 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its position in shares of Jones Lang LaSalle by 3.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 40 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after buying an additional 47 shares in the last quarter. Finally, Greenleaf Trust increased its stake in Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after buying an additional 47 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JLL shares. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Finally, Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $309.00.

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.