Savant Capital LLC Invests $3.23 Million in Match Group Inc. $MTCH

Savant Capital LLC bought a new stake in shares of Match Group Inc. (NASDAQ:MTCH) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 91,500 shares of the technology company’s stock, valued at approximately $3,232,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new stake in Match Group during the third quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in shares of Match Group in the 3rd quarter worth approximately $27,000. Employees Retirement System of Texas bought a new position in shares of Match Group during the 2nd quarter valued at approximately $28,000. Caldwell Trust Co purchased a new stake in Match Group during the 2nd quarter valued at $32,000. Finally, Quent Capital LLC bought a new stake in Match Group in the third quarter worth $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff bought 14,000 shares of the stock in a transaction on Thursday, November 20th. The stock was acquired at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the acquisition, the chief executive officer owned 165,128 shares of the company’s stock, valued at $5,257,675.52. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. JPMorgan Chase & Co. cut 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price objective on shares of Match Group in a research note on Wednesday, December 10th. Truist Financial dropped their target price on Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, UBS Group set a $34.00 price target on Match Group in a report on Wednesday. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.86.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $31.63 on Friday. The firm’s 50 day simple moving average is $32.27 and its 200-day simple moving average is $33.94. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20. The firm has a market cap of $7.47 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.32.

Match Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.20 per share. This is a boost from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. Match Group’s dividend payout ratio is presently 31.93%.

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.