JPMorgan Chase & Co. Raises Stock Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

JPMorgan Chase & Co. boosted its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 14.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 76,224 shares of the real estate investment trust’s stock after acquiring an additional 9,722 shares during the quarter. JPMorgan Chase & Co.’s holdings in Marcus & Millichap were worth $3,021,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Marcus & Millichap by 8.4% in 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 last quarter. Hsbc Holdings PLC purchased a new stake in Marcus & Millichap in the second quarter valued at approximately $212,000. Oppenheimer Asset Management Inc. purchased a new stake in Marcus & Millichap in the second quarter valued at approximately $256,000. Inspire Investing LLC acquired a new position in Marcus & Millichap during the third quarter worth $416,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Marcus & Millichap by 5.2% during 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 during the period. 62.78% of the stock is currently owned by institutional investors and hedge funds.

Marcus & Millichap Trading Up 1.3 %

MMI stock opened at $36.62 on Monday. The business’s fifty day moving average price is $39.15 and its 200 day moving average price is $38.37. Marcus & Millichap, Inc. has a 12-month low of $29.93 and a 12-month high of $42.80. The company has a market capitalization of $1.42 billion, a PE ratio of -45.20 and a beta of 1.16.

Marcus & Millichap Company Profile

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.