Schroder Investment Management Group Has $54.99 Million Stake in Match Group Inc. $MTCH

Schroder Investment Management Group reduced its position in shares of Match Group Inc. (NASDAQ:MTCH) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506,649 shares of the technology company’s stock after selling 74,676 shares during the quarter. Schroder Investment Management Group owned 0.63% of Match Group worth $54,993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Match Group during the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in Match Group in the 3rd quarter valued at about $27,000. Employees Retirement System of Texas bought a new position in Match Group during the second quarter worth about $28,000. Rossby Financial LCC grew its holdings in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after purchasing an additional 506 shares during the period. Finally, Caldwell Trust Co acquired a new position in Match Group during the second quarter worth approximately $32,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Down 0.9%

Shares of MTCH stock opened at $30.84 on Wednesday. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The company has a market capitalization of $7.28 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.50 and a beta of 1.30. The firm has a 50 day moving average price of $31.37 and a two-hundred day moving average price of $33.19.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.17). The firm had revenue of $878.01 million during the quarter, compared to analyst estimates of $872.86 million. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. Match Group’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, research analysts expect that Match Group Inc. will post 2.44 EPS for the current year.

Match Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be issued a $0.20 dividend. 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 2.6%. This is a positive change from Match Group’s previous quarterly dividend of $0.19. Match Group’s payout ratio is currently 31.93%.

Wall Street Analyst Weigh In

MTCH has been the topic of several research analyst reports. TD Cowen dropped their price objective on Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 target price on shares of Match Group in a report on Wednesday, December 10th. Wolfe Research set a $43.00 price target on Match Group and gave the company an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Finally, Truist Financial reduced their price objective on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Match Group presently has an average rating of “Hold” and an average target price of $35.86.

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.