TKO Group Holdings, Inc. $TKO Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,460 shares of the company’s stock after purchasing an additional 92,512 shares during the period. Bank of New York Mellon Corp’s holdings in TKO Group were worth $90,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in TKO Group by 35.9% during the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after acquiring an additional 191,743 shares in the last quarter. M & L Capital Management Ltd bought a new stake in shares of TKO Group in the 4th quarter valued at approximately $2,978,000. CIBC Bancorp USA Inc. bought a new stake in shares of TKO Group in the 3rd quarter valued at approximately $10,105,000. Perpetual Ltd bought a new stake in shares of TKO Group in the 4th quarter valued at approximately $26,046,000. Finally, Ninety One SA Pty Ltd increased its holdings in shares of TKO Group by 86.2% in the 4th quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock valued at $27,836,000 after acquiring an additional 61,657 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of TKO stock opened at $202.55 on Tuesday. 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 Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The stock’s 50-day moving average is $192.90 and its two-hundred day moving average is $200.14. The firm has a market cap of $39.32 billion, a P/E ratio of 75.58 and a beta of 0.59.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is currently 116.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TKO. Sanford C. Bernstein lowered their price target on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. BTIG Research reissued a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research note on Thursday, May 7th. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. TD Cowen upped 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, Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

Insider Transactions at TKO Group

In other TKO Group news, insider Mark S. Shapiro bought 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the purchase, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel bought 10,805 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $185.09 per share, with a total value of $1,999,897.45. Following the purchase, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 24,308 shares of company stock valued at $4,499,679. 64.30% of the stock is currently owned by company insiders.

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.