Tencent Music Entertainment Group’s (TME) “Hold” Rating Reiterated at Daiwa Securities Group

Daiwa Securities Group reiterated their hold rating on shares of Tencent Music Entertainment Group (NYSE:TME) in a report published on Wednesday morning, Marketbeat.com reports. Daiwa Securities Group currently has a $12.00 target price on the stock.

Several other equities research analysts also recently weighed in on the company. Mizuho lowered their price target on Tencent Music Entertainment Group from $28.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a $23.00 price objective on shares of Tencent Music Entertainment Group in a report on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Tencent Music Entertainment Group in a research report on Wednesday. Morgan Stanley dropped their target price on shares of Tencent Music Entertainment Group from $27.50 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, December 22nd. Finally, Benchmark restated a “hold” rating on shares of Tencent Music Entertainment Group in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.03.

Tencent Music Entertainment Group Trading Down 1.7%

NYSE TME opened at $10.11 on Wednesday. Tencent Music Entertainment Group has a one year low of $9.86 and a one year high of $26.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.22. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 0.65 and a beta of 0.56. The company’s 50-day simple moving average is $15.23 and its two-hundred day simple moving average is $19.01.

Tencent Music Entertainment Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.24 per share. This represents a yield of 238.0%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Tencent Music Entertainment Group’s previous annual dividend of $0.18. Tencent Music Entertainment Group’s dividend payout ratio (DPR) is presently 17.17%.

Institutional Trading of Tencent Music Entertainment Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TME. Schroder Investment Management Group grew its position in Tencent Music Entertainment Group by 30.0% during the fourth quarter. Schroder Investment Management Group now owns 80,480,078 shares of the company’s stock valued at $1,410,816,000 after buying an additional 18,554,567 shares during the period. Overlook Investments LP acquired a new position in shares of Tencent Music Entertainment Group in the fourth quarter worth about $278,022,000. Norges Bank acquired a new position in shares of Tencent Music Entertainment Group in the second quarter worth about $110,813,000. Green Court Capital Management Ltd boosted its stake in shares of Tencent Music Entertainment Group by 467.2% during the 4th quarter. Green Court Capital Management Ltd now owns 5,893,162 shares of the company’s stock worth $108,729,000 after acquiring an additional 4,854,084 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Tencent Music Entertainment Group by 195.9% during the 4th quarter. Invesco Ltd. now owns 6,991,937 shares of the company’s stock valued at $122,569,000 after acquiring an additional 4,629,058 shares during the period. Institutional investors and hedge funds own 24.32% of the company’s stock.

More Tencent Music Entertainment Group News

Here are the key news stories impacting Tencent Music Entertainment Group this week:

• Positive Sentiment: Company raised its annual dividend 33.3% to $0.24 per share (ex-div April 2), a materially higher yield that can attract income-focused buyers and support the share price.
• Positive Sentiment: Q4 earnings highlights showed strong revenue growth, strategic partnerships (including a new Warner deal) and product traction (notably growth in AI production users) — fundamentals that underpin upside potential. Tencent Music Entertainment Group Q4 Earnings Call Highlights
• Positive Sentiment: High-profile content and engagement catalyst: pre-orders launched for Jay Chou’s new album on TME platforms, a likely near-term traffic and monetization boost in Greater China. Jay Chou album pre-orders on TME
• Positive Sentiment: Unusually high call-option activity and reported purchases of call volume suggest some traders are positioning for a rally, adding short-term upside momentum. Traders Purchase High Volume of Tencent Music Call Options
• Neutral Sentiment: Barclays lowered its price target from $28 to $20 but kept an Overweight stance — a mixed signal: lower upside math but still positive relative conviction. Barclays lowers PT to $20
• Neutral Sentiment: Several brokerages (Morgan Stanley reaffirmed equal weight; Daiwa and Benchmark issued Hold/neutral ratings) — the consensus from multiple firms is cautious, implying limited near-term analyst-driven upside. Finviz: Morgan Stanley equal weight
• Neutral Sentiment: Market write-ups and analyst-roundup pieces note mixed views across peers (Globe and Mail coverage), keeping sentiment fragmented. Analysts Conflicted on Netflix and TME
• Negative Sentiment: Mizuho published a pessimistic forecast for TME’s stock price, which can pressure sentiment and trigger selling among institutional investors. Mizuho pessimist forecast
• Negative Sentiment: UBS-related headlines include a downgrade/negative coverage in some outlets, contributing to downside pressure from the sell-side narrative and reducing conviction among momentum traders. UBS downgrades TME (MSN)

Tencent Music Entertainment Group Company Profile

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.