Principal Financial Group Inc. reduced its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI – Free Report) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,132 shares of the real estate investment trust’s stock after selling 5,061 shares during the quarter. Principal Financial Group Inc. owned approximately 0.29% of Marcus & Millichap worth $4,483,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of Marcus & Millichap by 104.7% during the third quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock valued at $2,393,000 after buying an additional 30,884 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 period. Quest Partners LLC raised its position in shares of Marcus & Millichap by 144,346.2% in the 2nd quarter. Quest Partners LLC now owns 18,778 shares of the real estate investment trust’s stock worth $592,000 after acquiring an additional 18,765 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 valued at $205,000 after purchasing an additional 400 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Marcus & Millichap by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust’s stock valued at $2,478,000 after purchasing an additional 1,120 shares in the last quarter. 62.78% of the stock is currently owned by institutional investors.
Marcus & Millichap Stock Performance
Shares of MMI opened at $37.41 on Friday. Marcus & Millichap, Inc. has a fifty-two week low of $29.93 and a fifty-two week high of $42.80. The firm’s 50-day simple moving average is $39.90 and its two-hundred day simple moving average is $37.94. The stock has a market cap of $1.45 billion, a PE ratio of -46.19 and a beta of 1.15.
Wall Street Analyst Weigh In
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About Marcus & Millichap
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.
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