Keybank National Association OH Purchases 2,693 Shares of TKO Group Holdings, Inc. $TKO

Keybank National Association OH lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 95.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,510 shares of the company’s stock after purchasing an additional 2,693 shares during the period. Keybank National Association OH’s holdings in TKO Group were worth $1,111,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TKO. Amundi raised its position in TKO Group by 338.7% during the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares during the last quarter. AQR Capital Management LLC grew its position in shares of TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after buying an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after buying an additional 8,595 shares during the period. United Services Automobile Association purchased a new position in shares of TKO Group during the first quarter valued at approximately $218,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TKO shares. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. BTIG Research restated a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a report on Thursday, May 7th. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Roth Capital set a $228.00 price target on shares of TKO Group in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $233.73.

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the purchase, the chief financial officer owned 30,240 shares of the company’s stock, valued at $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the sale, the director directly owned 81,511 shares in the company, valued at approximately $16,918,423.16. This represents a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 24,308 shares of company stock worth $4,499,679 over the last three months. 64.30% of the stock is owned by corporate insiders.

TKO Group Price Performance

TKO opened at $193.49 on Wednesday. The stock has a fifty day simple moving average of $196.48 and a two-hundred day simple moving average of $200.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 72.20 and a beta of 0.60. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Research analysts predict that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is presently 117.91%.

About TKO Group

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.