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

JPMorgan Chase & Co. increased its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 14.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,224 shares of the real estate investment trust’s stock after buying an additional 9,722 shares during the period. JPMorgan Chase & Co. owned 0.20% of Marcus & Millichap worth $3,021,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of 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 in the last quarter. Hsbc Holdings PLC acquired a new position in Marcus & Millichap in the 2nd quarter worth about $212,000. Oppenheimer Asset Management Inc. purchased a new position in Marcus & Millichap during the second quarter worth approximately $256,000. Inspire Investing LLC acquired a new stake in Marcus & Millichap in the third quarter valued at approximately $416,000. Finally, The Manufacturers Life Insurance Company increased 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 valued at $480,000 after buying an additional 750 shares in the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Marcus & Millichap Price Performance

Shares of NYSE:MMI opened at $36.62 on Monday. The business’s 50 day moving average price is $39.15 and its 200-day moving average price is $38.37. Marcus & Millichap, Inc. has a 1 year low of $29.93 and a 1 year high of $42.80. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -45.20 and a beta of 1.16.

About Marcus & Millichap

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.