Thompson Siegel & Walmsley LLC Grows Stock Position in Match Group Inc. $MTCH

Thompson Siegel & Walmsley LLC boosted its holdings in Match Group Inc. (NASDAQ:MTCH) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,699,960 shares of the technology company’s stock after buying an additional 106,995 shares during the period. Thompson Siegel & Walmsley LLC owned 0.72% of Match Group worth $54,892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after acquiring an additional 2,461,025 shares during the period. Ameriprise Financial Inc. grew its holdings in Match Group by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after purchasing an additional 162,330 shares during the period. AQR Capital Management LLC grew its holdings in Match Group by 1,163.7% in the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock valued at $216,791,000 after purchasing an additional 5,652,174 shares during the period. LSV Asset Management increased its position in Match Group by 18.3% during the fourth quarter. LSV Asset Management now owns 5,644,584 shares of the technology company’s stock worth $182,264,000 after purchasing an additional 873,804 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in Match Group by 14.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 3,971,583 shares of the technology company’s stock worth $128,242,000 after purchasing an additional 515,750 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

MTCH opened at $36.13 on Monday. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20. The company has a 50 day moving average of $34.35 and a two-hundred day moving average of $32.77. The company has a market cap of $8.43 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.58 and a beta of 1.33.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Match Group’s dividend payout ratio (DPR) is 30.53%.

Insider Activity

In related news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Citigroup upped their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial set a $37.00 target price on Match Group in a report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.07.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.