Barclays PLC Has $1.23 Million Stock Holdings in Matthews International Co. (NASDAQ:MATW)

Barclays PLC boosted its stake in Matthews International Co. (NASDAQ:MATW - Free Report) by 375.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,823 shares of the company's stock after purchasing an additional 41,711 shares during the quarter. Barclays PLC owned about 0.17% of Matthews International worth $1,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MATW. KBC Group NV raised its stake in Matthews International by 63.7% during the third quarter. KBC Group NV now owns 1,937 shares of the company's stock worth $45,000 after acquiring an additional 754 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Matthews International during the 2nd quarter worth approximately $49,000. BNP Paribas Financial Markets increased its position in Matthews International by 7.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company's stock worth $153,000 after purchasing an additional 471 shares in the last quarter. GSA Capital Partners LLP bought a new position in Matthews International in the 3rd quarter valued at approximately $222,000. Finally, XTX Topco Ltd acquired a new stake in Matthews International in the second quarter valued at approximately $246,000. Institutional investors own 83.08% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley lowered their price target on shares of Matthews International from $54.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, September 26th.

Matthews International Trading Down 0.0 %

Shares of MATW stock traded down $0.01 during mid-day trading on Tuesday, reaching $30.51. 193,450 shares of the stock traded hands, compared to its average volume of 218,444. The company has a market cap of $933.67 million, a price-to-earnings ratio of -15.81 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The stock's fifty day simple moving average is $27.94 and its two-hundred day simple moving average is $25.67. Matthews International Co. has a 1-year low of $21.09 and a 1-year high of $35.19.

Matthews International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.25 dividend. This is a boost from Matthews International's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.28%. The ex-dividend date was Monday, December 2nd. Matthews International's dividend payout ratio is -51.81%.

Matthews International Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.