TD Asset Management Inc Has $18.91 Million Stake in Match Group Inc. $MTCH

Key Points

• TD Asset Management Inc increased its stake in Match Group Inc by 16.0%, bringing its total to $18.91 million worth of stock during the second quarter.
• Several institutional investors, including Ameriprise Financial Inc and Invesco Ltd, have significantly increased their positions in Match Group, with 94.05% of the stock now owned by institutional investors.
• Match Group recently declared a quarterly dividend of $0.19 per share, which represents a 2.3% dividend yield on an annualized basis.

TD Asset Management Inc grew its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 612,231 shares of the technology company's stock after purchasing an additional 84,530 shares during the period. TD Asset Management Inc owned about 0.24% of Match Group worth $18,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in Match Group by 17.4% in the 1st quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company's stock valued at $384,808,000 after purchasing an additional 1,822,362 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Match Group by 64.2% in the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company's stock valued at $298,451,000 after acquiring an additional 3,738,509 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of 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 acquiring an additional 506,763 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Match Group during the 1st quarter valued at $142,281,000. Finally, Charles Schwab Investment Management Inc. grew its position 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 worth $86,273,000 after acquiring an additional 97,255 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Match Group news, Director Ann Mcdaniel sold 5,423 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total transaction of $203,796.34. Following the completion of the sale, the director directly owned 21,926 shares in the company, valued at approximately $823,979.08. This trade represents a 19.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the completion of the transaction, the director directly owned 8,058 shares of the company's stock, valued at approximately $295,889.76. This trade represents a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,454 shares of company stock valued at $907,839 over the last quarter. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTCH shares. Evercore ISI lifted their price target on Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. UBS Group lifted 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. JPMorgan Chase & Co. upped their price target on shares of Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Match Group in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, Match Group currently has an average rating of "Hold" and an average target price of $35.44.

Match Group Price Performance

Match Group stock opened at $32.43 on Friday. The stock's 50 day moving average is $36.24 and its 200 day moving average is $32.76. 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 $7.80 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.64 and a beta of 1.38.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 3rd. Match Group's dividend payout ratio is currently 37.44%.

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.

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