BNP Paribas Financial Markets Buys 400 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

BNP Paribas Financial Markets boosted its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,165 shares of the real estate investment trust’s stock after acquiring an additional 400 shares during the quarter. BNP Paribas Financial Markets’ holdings in Marcus & Millichap were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royce & Associates LP increased its position in shares of Marcus & Millichap by 0.3% during the 3rd quarter. Royce & Associates LP now owns 2,303,153 shares of the real estate investment trust’s stock worth $91,274,000 after purchasing an additional 6,000 shares in the last quarter. Reinhart Partners LLC. raised its stake in shares of Marcus & Millichap by 7.6% in the third quarter. Reinhart Partners LLC. now owns 1,835,699 shares of the real estate investment trust’s stock valued at $72,749,000 after acquiring an additional 129,333 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Marcus & Millichap by 122.2% in the second quarter. Pzena Investment Management LLC now owns 641,667 shares of the real estate investment trust’s stock valued at $20,225,000 after acquiring an additional 352,832 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Marcus & Millichap by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 384,775 shares of the real estate investment trust’s stock worth $15,249,000 after acquiring an additional 12,401 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Marcus & Millichap by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,244 shares of the real estate investment trust’s stock valued at $6,816,000 after purchasing an additional 1,836 shares in the last quarter. 62.78% of the stock is owned by institutional investors.

Marcus & Millichap Stock Performance

NYSE MMI opened at $40.31 on Tuesday. The stock has a market capitalization of $1.56 billion, a P/E ratio of -49.77 and a beta of 1.15. Marcus & Millichap, Inc. has a 52 week low of $29.93 and a 52 week high of $44.24. The stock has a fifty day moving average of $39.62 and a 200-day moving average of $37.39.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price on Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.