Marcus & Millichap Inc (MMI) Shares Bought by First National Bank of Omaha

First National Bank of Omaha grew its stake in shares of Marcus & Millichap Inc (NYSE:MMI) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,315 shares of the real estate investment trust’s stock after buying an additional 7,495 shares during the period. First National Bank of Omaha’s holdings in Marcus & Millichap were worth $1,673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MMI. Schwab Charles Investment Management Inc. increased its position in Marcus & Millichap by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 51,379 shares of the real estate investment trust’s stock worth $1,355,000 after buying an additional 285 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Marcus & Millichap by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 99,532 shares of the real estate investment trust’s stock valued at $2,624,000 after acquiring an additional 3,480 shares during the last quarter. Swiss National Bank boosted its holdings in Marcus & Millichap by 19.0% in the second quarter. Swiss National Bank now owns 28,200 shares of the real estate investment trust’s stock valued at $743,000 after acquiring an additional 4,500 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Marcus & Millichap by 254.6% in the second quarter. Wells Fargo & Company MN now owns 47,100 shares of the real estate investment trust’s stock valued at $1,242,000 after acquiring an additional 33,819 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Marcus & Millichap by 56.6% in the second quarter. Alliancebernstein L.P. now owns 17,700 shares of the real estate investment trust’s stock valued at $467,000 after acquiring an additional 6,400 shares during the last quarter. 41.92% of the stock is owned by institutional investors.

MMI has been the topic of a number of research analyst reports. Wells Fargo & Co reiterated a “market perform” rating and issued a $31.00 target price (up previously from $25.00) on shares of Marcus & Millichap in a report on Wednesday, November 8th. Citigroup upgraded Marcus & Millichap from a “neutral” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, November 22nd. JMP Securities upgraded Marcus & Millichap from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 24th. Finally, William Blair reiterated a “market perform” rating on shares of Marcus & Millichap in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.00.

In other Marcus & Millichap news, CFO Martin E. Louie sold 13,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $32.00, for a total transaction of $416,000.00. Following the transaction, the chief financial officer now owns 62,518 shares in the company, valued at $2,000,576. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Hessam Nadji sold 15,196 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $32.39, for a total value of $492,198.44. Following the transaction, the chief executive officer now owns 288,727 shares in the company, valued at approximately $9,351,867.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,664,749 shares of company stock worth $50,869,665. 58.30% of the stock is currently owned by insiders.

Marcus & Millichap Inc (NYSE:MMI) opened at $30.00 on Friday. The company has a market capitalization of $1,164.06, a PE ratio of 19.48, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. Marcus & Millichap Inc has a one year low of $23.22 and a one year high of $33.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.62 and a current ratio of 4.62.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The company had revenue of $183.34 million for the quarter, compared to analysts’ expectations of $179.40 million. Marcus & Millichap had a return on equity of 21.37% and a net margin of 8.53%. sell-side analysts expect that Marcus & Millichap Inc will post 1.51 EPS for the current year.

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About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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