M&T Bank Corp Has $637,000 Stock Holdings in Match Group Inc. (NASDAQ:MTCH)

M&T Bank Corp grew its position in Match Group Inc. (NASDAQ:MTCH) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,398 shares of the technology company’s stock after purchasing an additional 4,286 shares during the period. M&T Bank Corp’s holdings in Match Group were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Match Group during the first quarter worth $37,000. Canada Post Corp Registered Pension Plan bought a new position in Match Group in the fourth quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Match Group by 30,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,512 shares in the last quarter. Mather Group LLC. grew its position in Match Group by 130.1% in the first quarter. Mather Group LLC. now owns 2,536 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,434 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of Match Group during the 1st quarter worth approximately $103,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff purchased 70,885 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the acquisition, the chief executive officer owned 137,478 shares in the company, valued at approximately $3,856,257.90. The trade was a 106.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

MTCH has been the topic of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company upped their target price on shares of Match Group from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, June 27th. Stifel Nicolaus dropped their target price on shares of Match Group from $35.00 to $29.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. UBS Group dropped their target price on shares of Match Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Citigroup dropped their target price on shares of Match Group from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.96.

Match Group Stock Down 1.2%

Shares of NASDAQ:MTCH opened at $31.87 on Wednesday. The company’s 50 day moving average price is $30.67 and its two-hundred day moving average price is $31.35. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $38.84. The firm has a market cap of $7.98 billion, a PE ratio of 15.78, a PEG ratio of 0.71 and a beta of 1.34.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, July 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Match Group Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.