TD Private Client Wealth LLC Has $46,000 Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

TD Private Client Wealth LLC raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 86.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 325 shares of the company’s stock after acquiring an additional 151 shares during the quarter. TD Private Client Wealth LLC’s holdings in TKO Group were worth $46,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after acquiring an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TKO Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after purchasing an additional 3,572 shares during the period. Twin Tree Management LP boosted its position in shares of TKO Group by 147.0% during the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock worth $17,581,000 after purchasing an additional 73,617 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after buying an additional 4,836 shares during the period. Finally, Retirement Systems of Alabama increased its position in TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after buying an additional 8,006 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

TKO opened at $154.65 on Wednesday. TKO Group Holdings, Inc. has a fifty-two week low of $85.01 and a fifty-two week high of $179.09. The firm has a 50-day moving average of $154.78 and a 200 day moving average of $138.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $26.47 billion, a P/E ratio of -368.21 and a beta of 1.08.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.98%. TKO Group’s payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TKO shares. Pivotal Research reissued a “buy” rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Guggenheim lifted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two investment 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Activity

In related news, insider Mark S. Shapiro sold 31,666 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were 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 directly owns 73,677 shares of the company’s stock, valued at approximately $10,457,713.38. This trade represents a 30.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sonya E. Medina bought 233 shares of the stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

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.