Sumitomo Mitsui Trust Group Inc. Has $458,000 Stock Position in Match Group Inc. $MTCH

Sumitomo Mitsui Trust Group Inc. lifted its position in Match Group Inc. (NASDAQ:MTCH) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,834 shares of the technology company’s stock after buying an additional 1,701 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Match Group were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Match Group by 17.4% during the first quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock worth $384,808,000 after buying an additional 1,822,362 shares during the last quarter. Invesco Ltd. raised its stake in Match Group by 64.2% during the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company’s stock valued at $298,451,000 after purchasing an additional 3,738,509 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Match Group by 10.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,573,084 shares of the technology company’s stock valued at $173,880,000 after purchasing an additional 506,763 shares during the last quarter. Nuveen LLC acquired a new position in Match Group during the 1st quarter valued at $142,281,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Match Group by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,765,162 shares of the technology company’s stock valued at $86,273,000 after purchasing an additional 97,255 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $32.34 on Friday. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20. The company has a 50 day moving average of $35.29 and a 200-day moving average of $33.07. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.63 and a beta of 1.38.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.76 annualized dividend and a yield of 2.4%. Match Group’s dividend payout ratio (DPR) is presently 37.44%.

Insider Buying and Selling

In related news, Director Ann Mcdaniel sold 5,423 shares of Match Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total transaction of $203,796.34. Following the transaction, the director owned 21,926 shares of the company’s stock, valued at $823,979.08. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the transaction, the director directly owned 8,058 shares in the company, valued at $295,889.76. The trade was a 60.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,454 shares of company stock valued at $907,839 in the last 90 days. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

MTCH has been the topic of a number of analyst reports. Morgan Stanley lowered their price target on Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Susquehanna increased their target price on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, UBS Group increased their target price on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.56.

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.