Mirabella Financial Services LLP Boosts Stake in Jones Lang LaSalle Incorporated $JLL

Mirabella Financial Services LLP raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 168.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,211 shares of the financial services provider’s stock after purchasing 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 large investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares in the last quarter. Southeast Asset Advisors LLC lifted its stake in Jones Lang LaSalle by 0.7% during the 2nd quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 39 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Jones Lang LaSalle by 2.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 47 shares during the period. Quadrant Capital Group LLC grew its position in Jones Lang LaSalle by 1.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,208 shares of the financial services provider’s stock valued at $1,255,000 after acquiring an additional 51 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in Jones Lang LaSalle by 6.7% during the third quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 53 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. The Goldman Sachs Group boosted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, UBS Group increased their price objective on 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 analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $363.17.

Insider Activity

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Up 0.3%

JLL stock opened at $300.12 on Tuesday. The company’s 50 day moving average price is $327.20 and its 200 day moving average price is $318.34. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 18.29 and a beta of 1.42. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $363.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results 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 net margin of 3.03% and a return on equity of 12.50%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the previous year, the firm earned $6.15 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.