Bank of New York Mellon Corp Purchases 34,064 Shares of Matthews International Co. (NASDAQ:MATW)

Bank of New York Mellon Corp increased its holdings in shares of Matthews International Co. (NASDAQ:MATW) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 375,855 shares of the company’s stock after purchasing an additional 34,064 shares during the period. Bank of New York Mellon Corp owned 1.21% of Matthews International worth $10,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. KBC Group NV raised its stake in Matthews International by 63.7% in the third quarter. KBC Group NV now owns 1,937 shares of the company’s stock valued at $45,000 after buying an additional 754 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Matthews International by 7.7% during the third 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. Waldron Private Wealth LLC purchased a new stake in Matthews International during the 4th quarter valued at about $213,000. GSA Capital Partners LLP purchased a new stake in Matthews International in the 3rd quarter valued at $222,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Matthews International in the 3rd quarter worth $235,000. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

Matthews International Trading Down 0.9 %

Shares of MATW opened at $22.58 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $699.28 million, a P/E ratio of -11.46 and a beta of 1.09. The firm has a 50-day moving average price of $27.01 and a 200 day moving average price of $25.87. Matthews International Co. has a 12-month low of $21.09 and a 12-month high of $32.24.

Matthews International (NASDAQ:MATW) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. Sell-side analysts forecast that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Monday, February 10th. Matthews International’s dividend payout ratio is presently -50.76%.

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.