Proficio Capital Partners LLC Purchases Shares of 34,427 Jones Lang LaSalle Incorporated (NYSE:JLL)

Proficio Capital Partners LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,427 shares of the financial services provider’s stock, valued at approximately $8,715,000.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. grew its stake in shares of Jones Lang LaSalle by 166.7% during 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, MassMutual Private Wealth & Trust FSB lifted its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JLL. StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted 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. Raymond James lifted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Up 4.1 %

NYSE JLL opened at $249.68 on Friday. The stock 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 12 month low of $171.45 and a 12 month high of $288.50. The stock’s 50 day moving average is $265.99 and its 200 day moving average is $264.51. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data 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 business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.23 EPS. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle 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.