US Bancorp DE Increases Position in TKO Group Holdings, Inc. (NYSE:TKO)

US Bancorp DE raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 565 shares of the company’s stock after purchasing an additional 86 shares during the period. US Bancorp DE’s holdings in TKO Group were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TKO. Park Avenue Securities LLC raised its holdings in shares of TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after buying an additional 4,836 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after acquiring an additional 8,006 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after acquiring an additional 16,746 shares in the last quarter. Petrus Trust Company LTA bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $597,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In other news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,921,150 shares of company stock valued at $304,383,748 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TKO. Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Guggenheim increased their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Trading Up 4.4 %

NYSE:TKO opened at $145.82 on Tuesday. TKO Group Holdings, Inc. has a 12 month low of $79.65 and a 12 month high of $179.09. The stock has a market cap of $24.96 billion, a price-to-earnings ratio of -347.20 and a beta of 1.08. The company has a 50-day moving average price of $153.74 and a 200-day moving average price of $137.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is presently 7,600.00%.

TKO Group Company Profile

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.