Howe & Rusling Inc. Purchases Shares of 1,537 TKO Group Holdings, Inc. (NYSE:TKO)

Howe & Rusling Inc. acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, Holdings Channel reports. The firm acquired 1,537 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group in the 4th quarter worth approximately $32,000. Game Plan Financial Advisors LLC raised its holdings in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in TKO Group during the fourth quarter worth approximately $38,000. Finally, UMB Bank n.a. grew its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell purchased 177,861 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the purchase, the insider now directly owns 2,188,966 shares in the company, valued at $363,346,466.34. This trade represents a 8.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the purchase, the director now owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TKO. Pivotal Research reiterated a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Guggenheim increased their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a 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 company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Trading Down 1.9 %

NYSE TKO opened at $151.74 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year high of $179.09. The firm’s fifty day simple moving average is $155.20 and its 200-day simple moving average is $139.06. The company has a market capitalization of $25.97 billion, a PE ratio of -361.27 and a beta of 1.08.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

TKO Group Profile

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.