TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,030 shares of the company’s stock after selling 136 shares during the period. Securian Asset Management Inc.’s holdings in TKO Group were worth $715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ninety One UK Ltd grew its stake in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares during the last quarter. State Street Corp grew its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after acquiring an additional 383,869 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell purchased 177,861 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the transaction, the insider now directly owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. This represents a 8.84 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,921,150 shares of company stock worth $304,383,748 and sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Guggenheim upped 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. JPMorgan Chase & Co. raised their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Morgan Stanley raised their price objective on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.00.

TKO Group Price Performance

Shares of NYSE TKO opened at $139.26 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of -331.56 and a beta of 1.08. The firm’s 50 day simple moving average is $153.66 and its 200-day simple moving average is $137.25. TKO Group Holdings, Inc. has a 12 month low of $79.65 and a 12 month high of $179.09.

TKO Group Announces Dividend

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

TKO Group 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.