Proficio Capital Partners LLC Invests $8.72 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Proficio Capital Partners LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,427 shares of the financial services provider’s stock, valued at approximately $8,715,000. Proficio Capital Partners LLC owned about 0.07% of Jones Lang LaSalle as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in JLL. FMR LLC grew its holdings in shares of Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares during the last quarter. SG Americas Securities LLC lifted its stake in Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after acquiring an additional 275,606 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after acquiring an additional 114,168 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Jones Lang LaSalle in the third quarter worth $24,283,000. Finally, Bamco Inc. NY lifted its stake in Jones Lang LaSalle by 28.3% in the third quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock worth $84,912,000 after acquiring an additional 69,380 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

JLL opened at $249.68 on Friday. The stock has a 50-day moving average price of $265.99 and a 200-day moving average price of $264.51. 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 cap of $11.83 billion, a PE ratio of 22.12 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.23 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.