Brandywine Global Investment Management LLC Grows Holdings in Match Group Inc. $MTCH

Key Points

• Brandywine Global Investment Management LLC increased its holdings in Match Group Inc. by 123.2%, owning approximately 151,245 shares worth $4,719,000 as of the end of the most recent quarter.
• Match Group announced a quarterly dividend of $0.19 per share, with a dividend yield of 2.0% and a payout ratio of 37.44%.
• Match Group's stock currently has a market cap of $9.21 billion and has experienced a price fluctuation between a 12-month low of $26.39 and a high of $39.20.

Brandywine Global Investment Management LLC lifted its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 123.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,245 shares of the technology company's stock after purchasing an additional 83,477 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Match Group worth $4,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Match Group in the first quarter valued at approximately $37,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of 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 holdings in shares of 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. CX Institutional acquired a new position in Match Group during the 1st quarter worth approximately $103,000. Finally, Assetmark Inc. grew its holdings in Match Group by 14.1% during the 1st quarter. Assetmark Inc. now owns 3,464 shares of the technology company's stock worth $108,000 after acquiring an additional 429 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Activity

In other news, Director Stephen Bailey sold 12,500 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $36.72, for a total value of $459,000.00. Following the completion of the transaction, the director owned 8,058 shares in the company, valued at approximately $295,889.76. This represents a 60.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company's stock.

Match Group Price Performance

Shares of Match Group stock traded up $0.51 during trading hours on Friday, hitting $37.30. The company had a trading volume of 3,896,474 shares, compared to its average volume of 5,153,445. The company's 50-day moving average is $33.67 and its two-hundred day moving average is $31.74. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20. The company has a market cap of $8.98 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.19 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. Match Group's dividend payout ratio is presently 37.44%.

Analysts Set New Price Targets

Several research firms have commented on MTCH. Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Citigroup lowered their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Susquehanna boosted their price target on shares of Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Barclays lowered their price target on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $35.44.

About Match Group

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.