Match Group Inc. $MTCH Stock Holdings Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in Match Group Inc. (NASDAQ:MTCH) by 40.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,991 shares of the technology company’s stock after purchasing an additional 37,999 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Match Group worth $4,662,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased 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 worth $385,590,000 after buying an additional 162,330 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in Match Group by 7.8% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 5,852,947 shares of the technology company’s stock worth $180,798,000 after acquiring an additional 424,232 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Match Group by 7.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,287,202 shares of the technology company’s stock worth $163,322,000 after purchasing an additional 349,963 shares during the last quarter. LSV Asset Management raised its holdings in shares of Match Group by 37.8% during the 3rd quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock valued at $168,504,000 after purchasing an additional 1,307,949 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Match Group in the 2nd quarter valued at $134,429,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on MTCH shares. TD Cowen lowered their target price on shares of Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. UBS Group set a $34.00 price target on Match Group in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Wolfe Research set a $43.00 target price on Match Group and gave the stock an “outperform” rating in a report on Monday, January 5th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Match Group has a consensus rating of “Hold” and a consensus price target of $35.86.

Match Group Stock Up 1.9%

Shares of NASDAQ:MTCH opened at $30.50 on Friday. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.58 and a beta of 1.32. The business has a 50 day moving average price of $32.01 and a 200 day moving average price of $33.84. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20.

Match Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. This is an increase from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group’s payout ratio is presently 31.93%.

Insider Buying and Selling

In related news, CEO Spencer M. Rascoff bought 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the purchase, the chief executive officer directly owned 165,128 shares in the company, valued at $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by insiders.

Match Group 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.