Principal Financial Group Inc. Has $4.13 Million Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

Principal Financial Group Inc. grew its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,789 shares of the real estate investment trust’s stock after acquiring an additional 3,095 shares during the period. Principal Financial Group Inc. owned 0.31% of Marcus & Millichap worth $4,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. grew its holdings in shares of Marcus & Millichap by 0.9% in the 4th quarter. Alliancebernstein L.P. now owns 33,801 shares of the real estate investment trust’s stock worth $1,293,000 after purchasing an additional 289 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Marcus & Millichap by 5.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 421 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Marcus & Millichap by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,352 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 474 shares during the last quarter. Heritage Family Offices LLP increased its holdings in shares of Marcus & Millichap by 7.9% during the 1st quarter. Heritage Family Offices LLP now owns 7,586 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 556 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Marcus & Millichap by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 670 shares during the period. 62.78% of the stock is currently owned by institutional investors and hedge funds.

Marcus & Millichap Stock Performance

Marcus & Millichap stock opened at $31.48 on Friday. The stock has a fifty day moving average of $30.29 and a 200-day moving average of $33.40. Marcus & Millichap, Inc. has a 52 week low of $27.61 and a 52 week high of $42.80. The stock has a market capitalization of $1.23 billion, a P/E ratio of -185.16 and a beta of 1.23.

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 net margin of 0.95% and a negative return on equity of 1.09%. The company had revenue of $145.04 million for the quarter, compared to the consensus estimate 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.