13,325 Shares in Match Group Inc. $MTCH Acquired by Trust Co. of Vermont

Trust Co. of Vermont acquired a new stake in shares of Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,325 shares of the technology company’s stock, valued at approximately $507,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of Match Group by 1,163.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after purchasing an additional 5,652,174 shares during the last quarter. Norges Bank acquired a new stake in shares of Match Group in the 4th quarter valued at $112,641,000. Bank of New York Mellon Corp bought a new stake in Match Group in the second quarter worth $100,796,000. State Street Corp increased its position in Match Group by 14.6% during the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after buying an additional 2,461,025 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Match Group by 196.6% during the first quarter. Renaissance Technologies LLC now owns 3,194,368 shares of the technology company’s stock worth $98,099,000 after buying an additional 2,117,414 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Up 3.9%

Shares of MTCH stock opened at $38.69 on Wednesday. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $41.40. The firm has a market cap of $8.88 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.56 and a beta of 1.30. The stock has a 50 day moving average of $37.67 and a 200-day moving average of $34.71.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The business had revenue of $853.11 million for the quarter, compared to the consensus estimate of $857.77 million. During the same quarter last year, the company posted $0.49 earnings per share. Match Group’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Match Group Inc. will post 3.31 EPS for the current fiscal year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Monday, October 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Match Group’s dividend payout ratio is currently 28.27%.

Analyst Ratings Changes

A number of research analysts have recently commented on MTCH shares. Wells Fargo & Company increased their price objective on Match Group from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Truist Financial upped their target price on Match Group from $37.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Susquehanna reiterated a “positive” rating on shares of Match Group in a report on Wednesday, August 5th. Citigroup lifted their price target on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.54.

Insider Activity at Match Group

In related news, Director Glenn Schiffman bought 3,000 shares of Match Group stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the completion of the purchase, the director owned 56,370 shares in the company, valued at approximately $2,064,833.10. This represents a 5.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

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.