Mirabella Financial Services LLP Buys 4,523 Shares of Jones Lang LaSalle Incorporated $JLL

Mirabella Financial Services LLP boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 168.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,211 shares of the financial services provider’s stock after acquiring an additional 4,523 shares during the quarter. Mirabella Financial Services LLP’s holdings in Jones Lang LaSalle were worth $2,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle during the 3rd quarter worth about $25,000. Caldwell Trust Co bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $38,000. Chilton Capital Management LLC boosted its position in shares of Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares during the period. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle during the third quarter worth about $41,000. Finally, Root Financial Partners LLC acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at approximately $44,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.3%

JLL stock opened at $303.82 on Thursday. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 18.51 and a beta of 1.42. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $363.06. The business has a 50 day moving average price of $325.26 and a two-hundred day moving average price of $318.22. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the business posted $6.15 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on JLL. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barclays decreased their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, UBS Group lifted their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $363.17.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director owned 14,985 shares in the company, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.