Capital Financial Group Inc. Co. ADV purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,504 shares of the company’s stock, valued at approximately $523,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 0.8% during the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after acquiring an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after acquiring an additional 1,128,749 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of TKO Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock valued at $387,072,000 after acquiring an additional 49,486 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of TKO Group by 31.7% during the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after acquiring an additional 307,000 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Ariel Emanuel acquired 10,805 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. This represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark S. Shapiro acquired 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the transaction, the insider owned 129,207 shares in the company, valued at approximately $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders bought 24,308 shares of company stock valued at $4,499,679 in the last 90 days. Corporate insiders own 64.30% of the company’s stock.
TKO Group Trading Down 1.2%
TKO Group (NYSE:TKO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 4.96 EPS for the current year.
TKO Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is presently 116.42%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. UBS Group raised their price target on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Roth Mkm set a $228.00 price objective on TKO Group in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.73.
Get Our Latest Report on TKO Group
TKO Group Profile
TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.
TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.
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