Marcus & Millichap, Inc. (NYSE:MMI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,494 shares of the real estate investment trust’s stock after acquiring an additional 7,542 shares during the period. Deutsche Bank AG’s holdings in Marcus & Millichap were worth $822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Marcus & Millichap by 104.7% during the third quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock worth $2,393,000 after acquiring an additional 30,884 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Marcus & Millichap during the fourth quarter worth approximately $830,000. JPMorgan Chase & Co. grew its stake in Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock worth $4,709,000 after acquiring an additional 46,865 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Marcus & Millichap by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust’s stock worth $15,440,000 after acquiring an additional 18,785 shares during the period. Finally, Amundi raised its holdings in Marcus & Millichap by 195.4% in the 4th quarter. Amundi now owns 11,687 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 7,730 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Insiders Place Their Bets

In related news, insider Gregory A. Laberge sold 828 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $38.26, for a total transaction of $31,679.28. Following the completion of the transaction, the insider now owns 5,222 shares of the company’s stock, valued at approximately $199,793.72. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.89% of the company’s stock.

Marcus & Millichap Stock Up 3.9%

Shares of Marcus & Millichap stock opened at $29.19 on Wednesday. Marcus & Millichap, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $42.80. The firm has a market cap of $1.14 billion, a PE ratio of -91.23 and a beta of 1.24. The business’s fifty day moving average is $31.16 and its two-hundred day moving average is $35.84.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The company had revenue of $145.04 million for the quarter, compared to analyst estimates of $140.20 million.

Marcus & Millichap 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.