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

Proficio Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Huntington National Bank raised its holdings in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after buying an additional 38 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after acquiring an additional 40 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock worth $371,000 after purchasing an additional 47 shares during the period. Greenleaf Trust grew its holdings in Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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Jones Lang LaSalle Stock Down 4.5 %

JLL stock traded down $12.18 during trading on Thursday, hitting $258.04. 124,781 shares of the company's stock traded hands, compared to its average volume of 291,206. The business has a fifty day simple moving average of $266.33 and a two-hundred day simple moving average of $264.58. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $12.23 billion, a P/E ratio of 22.98 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 - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate 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 firm 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. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

JLL has been the topic of a number of analyst reports. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective for the company. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Buy" and an average target price of $309.00.

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.