10,800 Shares in Marcus & Millichap, Inc. (NYSE:MMI) Purchased by Toronto Dominion Bank

Toronto Dominion Bank purchased a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,800 shares of the real estate investment trust's stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMI. Barclays PLC boosted its holdings 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 purchasing an additional 30,884 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Marcus & Millichap in the 4th quarter worth approximately $830,000. JPMorgan Chase & Co. grew its holdings in shares of Marcus & Millichap by 61.5% in the fourth quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock valued at $4,709,000 after acquiring an additional 46,865 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Marcus & Millichap by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust's stock valued at $15,440,000 after acquiring an additional 18,785 shares during the last quarter. Finally, Amundi lifted its holdings in Marcus & Millichap by 195.4% during the fourth quarter. Amundi now owns 11,687 shares of the real estate investment trust's stock worth $408,000 after acquiring an additional 7,730 shares during the period. 62.78% of the stock is owned by institutional investors.

Insider Transactions at Marcus & Millichap

In other Marcus & Millichap news, insider Gregory A. Laberge sold 2,915 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total transaction of $101,383.70. Following the sale, the insider now directly owns 2,307 shares of the company's stock, valued at $80,237.46. This represents a 55.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.89% of the stock is currently owned by company insiders.

Marcus & Millichap Stock Performance

NYSE:MMI traded down $0.07 during trading on Friday, reaching $28.46. The company's stock had a trading volume of 32,627 shares, compared to its average volume of 103,597. Marcus & Millichap, Inc. has a 12 month low of $27.61 and a 12 month high of $42.80. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -88.97 and a beta of 1.24. The firm has a 50 day moving average of $30.86 and a 200-day moving average of $35.69.

Marcus & Millichap (NYSE:MMI - Get Free Report) 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 1.78% and a negative return on equity of 1.98%. The company had revenue of $145.04 million for the quarter, compared to the consensus estimate of $140.20 million.

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.