4,932 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,932 shares of the financial services provider's stock, valued at approximately $1,248,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth $149,468,000. SG Americas Securities LLC grew its holdings in Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock valued at $70,643,000 after purchasing an additional 275,606 shares during the period. Marshall Wace LLP increased its position in Jones Lang LaSalle by 134.5% in the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after buying an additional 214,087 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $29,271,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after acquiring an additional 114,168 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Down 0.2 %

Shares of NYSE:JLL traded down $0.34 during trading on Friday, reaching $224.66. 226,910 shares of the company were exchanged, compared to its average volume of 317,863. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm has a market capitalization of $10.67 billion, a PE ratio of 19.90 and a beta of 1.22. The business's fifty day simple moving average is $241.26 and its 200-day simple moving average is $258.23. Jones Lang LaSalle Incorporated has a 12-month low of $178.60 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share 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 analyst estimates of $6.65 billion. During the same period in the previous year, the company posted $4.23 EPS. Jones Lang LaSalle's revenue was up 15.8% on a year-over-year basis. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JLL. UBS Group reduced their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Raymond James increased 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. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $315.83.

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.