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

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

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $149,468,000. FMR LLC lifted its stake in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after buying an additional 459,466 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after buying an additional 275,606 shares during the period. Marshall Wace LLP raised its holdings in Jones Lang LaSalle by 134.5% during the fourth 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 during the period. Finally, Millennium Management LLC lifted its position in shares of Jones Lang LaSalle by 146.2% in the fourth quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock valued at $84,916,000 after acquiring an additional 199,197 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

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Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded down $6.57 on Friday, hitting $250.29. 588,805 shares of the company's stock were exchanged, compared to its average volume of 293,490. Jones Lang LaSalle has a 1 year low of $171.45 and a 1 year high of $288.50. The company has a 50-day simple moving average of $266.68 and a 200-day simple moving average of $264.57. 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 stock has a market capitalization of $11.86 billion, a PE ratio of 22.17 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the business earned $4.23 earnings per share. Jones Lang LaSalle's quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JLL. Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a report on Monday, November 25th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. 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 MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $309.00.

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.