Legal & General Group Plc Sells 3,308 Shares of TKO Group Holdings, Inc. $TKO

Legal & General Group Plc decreased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,343 shares of the company’s stock after selling 3,308 shares during the quarter. Legal & General Group Plc owned 0.06% of TKO Group worth $25,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TKO. Todd Asset Management LLC bought a new stake in TKO Group in the 4th quarter valued at approximately $26,150,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of TKO Group in the fourth quarter valued at approximately $543,000. Coldstream Capital Management Inc. lifted its position in shares of TKO Group by 3.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,199 shares of the company’s stock worth $460,000 after purchasing an additional 71 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in TKO Group during the fourth quarter worth $16,979,000. Finally, Axxcess Wealth Management LLC boosted its holdings in TKO Group by 5.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,425 shares of the company’s stock worth $298,000 after purchasing an additional 72 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. UBS Group increased their price target on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. BTIG Research reaffirmed a “buy” rating and set a $237.00 price target on shares of TKO Group in a research report on Thursday, May 7th. TD Cowen increased their price objective on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Citizens Jmp assumed coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

TKO Group Price Performance

NYSE:TKO opened at $205.06 on Monday. The company has a market cap of $39.81 billion, a P/E ratio of 76.51 and a beta of 0.59. The firm’s fifty day moving average price is $191.69 and its two-hundred day moving average price is $199.28. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities analysts expect that TKO Group Holdings, Inc. will post 5 earnings per share for the current year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is presently 116.42%.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel acquired 10,805 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares in the company, valued at $28,625,093.95. This represents a 7.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Andrew M. Schleimer bought 2,696 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $185.44 per share, with a total value of $499,946.24. Following the acquisition, the chief financial officer directly owned 30,240 shares of the company’s stock, valued at approximately $5,607,705.60. This represents a 9.79% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 29,424 shares worth $5,944,433. Company insiders own 64.30% of the company’s stock.

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.