Jones Lang LaSalle Incorporated (NYSE:JLL) Short Interest Down 23.6% in February

Jones Lang LaSalle Incorporated (NYSE:JLL) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 474,500 shares, a drop of 23.6% from the January 31st total of 620,900 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 324,600 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Integrated Advisors Network LLC raised its stake in Jones Lang LaSalle by 8.1% during the fourth quarter. Integrated Advisors Network LLC now owns 2,347 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 176 shares during the period. Mackenzie Financial Corp raised its position in shares of Jones Lang LaSalle by 4.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,545 shares of the financial services provider’s stock worth $391,000 after buying an additional 68 shares during the period. Forum Financial Management LP boosted its holdings in Jones Lang LaSalle by 28.1% in the fourth quarter. Forum Financial Management LP now owns 1,556 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 341 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its position in Jones Lang LaSalle by 9.6% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 16,967 shares of the financial services provider’s stock valued at $4,295,000 after acquiring an additional 1,482 shares during the period. Finally, CSS LLC IL increased its stake in Jones Lang LaSalle by 6.9% during the fourth quarter. CSS LLC IL now owns 2,780 shares of the financial services provider’s stock worth $704,000 after acquiring an additional 180 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 2.0 %

JLL stock opened at $266.50 on Tuesday. Jones Lang LaSalle has a one year low of $171.45 and a one year high of $288.50. The stock has a market capitalization of $12.63 billion, a P/E ratio of 23.60 and a beta of 1.36. The company has a 50 day moving average price of $266.19 and a two-hundred day moving average price of $264.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $4.23 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.