Capital Financial Group Inc. Co. ADV Takes $523,000 Position in TKO Group Holdings, Inc. $TKO

Capital Financial Group Inc. Co. ADV acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,504 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors have also recently made changes to their positions in TKO. Vontobel Holding Ltd. boosted its stake in shares of TKO Group by 108,668.4% during the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock valued at $265,062,000 after purchasing an additional 1,267,073 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares during the period. State Street Corp boosted its stake in shares of TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares during the period. Norges Bank purchased a new stake in shares of TKO Group during the fourth quarter valued at approximately $150,602,000. Finally, Alliancebernstein L.P. boosted its stake in shares of TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after purchasing an additional 419,021 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the transaction, the director directly owned 91,100 shares in the company, valued at $16,943,689. This trade represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew M. Schleimer purchased 2,696 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $185.44 per share, with a total value of $499,946.24. Following the completion of 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 ownership of the stock. 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. Insiders have acquired a total of 24,308 shares of company stock worth $4,499,679 in the last ninety days. 64.30% of the stock is owned by company insiders.

TKO Group Price Performance

TKO opened at $200.92 on Tuesday. The stock has a fifty day simple moving average of $193.67 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 $39.00 billion, a price-to-earnings ratio of 74.97 and a beta of 0.59. 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 posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 2.49% and a net margin of 4.47%.The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Research analysts predict that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. TKO Group’s dividend payout ratio is currently 116.42%.

Analysts Set New Price Targets

TKO has been the subject of a number of analyst reports. Citizens Jmp initiated coverage on TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective for the company. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Roth Mkm set a $228.00 price objective on TKO Group in a research note on Monday, May 4th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Sanford C. Bernstein dropped their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Company Profile

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.