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

Proficio Capital Partners LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,427 shares of the financial services provider's stock, valued at approximately $8,715,000. Proficio Capital Partners LLC owned 0.07% of Jones Lang LaSalle as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock worth $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after acquiring an additional 5,663 shares during the last quarter. Dorsey Wright & Associates bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $4,276,000. Principal Securities Inc. lifted its stake in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $567,000. Institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $4.96 during midday trading on Wednesday, reaching $253.17. 185,322 shares of the company traded hands, compared to its average volume of 366,920. The firm's fifty day moving average price is $265.91 and its two-hundred day moving average price is $264.56. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 22.42 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.23 earnings per share. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

JLL has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 target price on the stock. Finally, Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $309.00.

About Jones Lang LaSalle

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.