Steward Partners Investment Advisory LLC Buys 188 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Steward Partners Investment Advisory LLC boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,118 shares of the company’s stock after buying an additional 188 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in TKO Group were worth $159,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TKO. Oppenheimer Asset Management Inc. boosted its stake in TKO Group by 3.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock valued at $491,000 after buying an additional 139 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in TKO Group in the third quarter valued at about $222,000. KBC Group NV boosted its stake in TKO Group by 12.2% in the third quarter. KBC Group NV now owns 1,858 shares of the company’s stock valued at $230,000 after buying an additional 202 shares in the last quarter. Natixis Advisors LLC boosted its stake in TKO Group by 237.0% in the third quarter. Natixis Advisors LLC now owns 43,576 shares of the company’s stock valued at $5,391,000 after buying an additional 30,647 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in TKO Group by 6.5% in the third quarter. Mutual of America Capital Management LLC now owns 35,905 shares of the company’s stock valued at $4,442,000 after buying an additional 2,179 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Guggenheim raised their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Pivotal Research restated a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Stock Performance

Shares of TKO Group stock opened at $139.26 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $153.66 and a two-hundred day moving average price of $137.11. TKO Group Holdings, Inc. has a 1-year low of $79.65 and a 1-year high of $179.09. The company has a market cap of $23.84 billion, a P/E ratio of -331.56 and a beta of 1.08.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. TKO Group’s payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,184,350 shares of company stock worth $343,066,252 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.