JPMorgan Chase & Co. grew its stake in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,224 shares of the real estate investment trust's stock after buying an additional 9,722 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Marcus & Millichap worth $3,021,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 400 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Marcus & Millichap during the second quarter worth about $212,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Marcus & Millichap during the second quarter valued at approximately $256,000. Inspire Investing LLC bought a new stake in Marcus & Millichap in the 3rd quarter valued at $416,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Marcus & Millichap by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 15,220 shares of the real estate investment trust's stock worth $480,000 after buying an additional 750 shares in the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.
Marcus & Millichap Price Performance
Shares of NYSE MMI traded up $0.46 during midday trading on Monday, reaching $36.62. 80,028 shares of the stock traded hands, compared to its average volume of 85,340. The company's 50 day moving average is $39.15 and its 200 day moving average is $38.37. Marcus & Millichap, Inc. has a one year low of $29.93 and a one year high of $42.80. The stock has a market capitalization of $1.42 billion, a PE ratio of -45.20 and a beta of 1.16.
Marcus & Millichap Company Profile
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Free Report)
Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.
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