1,537 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by Howe & Rusling Inc.

Howe & Rusling Inc. acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,537 shares of the company’s stock, valued at approximately $218,000.

Other large investors also recently modified their holdings of the company. M&T Bank Corp lifted its stake in shares of TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. raised its position in shares of TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. US Bancorp DE boosted its stake in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after buying an additional 86 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after buying an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of TKO Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after buying an additional 100 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on TKO. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. UBS Group increased their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Guggenheim lifted their target price on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Performance

Shares of TKO opened at $151.74 on Friday. The firm has a fifty day moving average of $155.20 and a 200-day moving average of $139.06. The company has a market cap of $25.97 billion, a price-to-earnings ratio of -361.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1 year low of $85.01 and a 1 year high of $179.09.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,666 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the transaction, the insider now owns 73,677 shares of the company’s stock, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

About TKO Group

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.