Northern Trust Corp Increases Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Northern Trust Corp increased its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,533,468 shares of the technology company's stock after purchasing an additional 273,349 shares during the quarter. Northern Trust Corp owned approximately 1.01% of Match Group worth $82,870,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MTCH. Boothbay Fund Management LLC grew its holdings in shares of Match Group by 162.0% in the fourth quarter. Boothbay Fund Management LLC now owns 22,712 shares of the technology company's stock valued at $743,000 after acquiring an additional 14,042 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Match Group by 11.1% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 87,935 shares of the technology company's stock valued at $2,878,000 after purchasing an additional 8,802 shares during the period. Orvieto Partners L.P. purchased a new stake in shares of Match Group during the 4th quarter valued at $1,145,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Match Group by 10.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,066,321 shares of the technology company's stock worth $165,719,000 after purchasing an additional 487,903 shares during the period. Finally, Hsbc Holdings PLC grew its position in Match Group by 92.3% during the fourth quarter. Hsbc Holdings PLC now owns 928,976 shares of the technology company's stock valued at $30,412,000 after buying an additional 445,826 shares during the period. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Match Group

In other news, President Gary Swidler sold 242,209 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the transaction, the president now directly owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company's stock.

Match Group Trading Up 0.9 %

Shares of NASDAQ MTCH opened at $30.69 on Monday. The business has a 50-day moving average of $30.28 and a 200-day moving average of $32.35. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. On average, analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were paid a $0.19 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.48%. Match Group's dividend payout ratio is presently 37.62%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTCH. Morgan Stanley dropped their target price on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Match Group from $33.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. BTIG Research cut Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. UBS Group decreased their price objective on Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Citigroup dropped their price objective on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.44.

Match Group Company Profile

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.

Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group, Inc. (NASDAQ:MTCH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.