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

Mirabella Financial Services LLP increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 168.3% in the 3rd quarter, Holdings Channel.com reports. The firm 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $160,187,000. EdgePoint Investment Group Inc. grew its position in shares of Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock valued at $568,222,000 after buying an additional 386,184 shares during the last quarter. Equity Investment Corp acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $72,132,000. Wellington Management Group LLP lifted its position in Jones Lang LaSalle by 310.0% in the third quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock valued at $86,545,000 after acquiring an additional 219,373 shares during the last quarter. Finally, Long Pond Capital LP acquired a new position in Jones Lang LaSalle in the second quarter valued at $51,370,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $300.12 on Tuesday. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $363.06. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 18.29 and a beta of 1.42. The company has a 50-day simple moving average of $327.20 and a 200-day simple moving average of $318.34. 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, beating the consensus estimate of $7.25 by $1.46. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.15 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group raised their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group boosted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $363.17.

Insider Buying and Selling at Jones Lang LaSalle

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