Securian Asset Management Inc. Reduces Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Securian Asset Management Inc. lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 2.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,030 shares of the company’s stock after selling 136 shares during the period. Securian Asset Management Inc.’s holdings in TKO Group were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of 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 buying an additional 151 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group during the 4th quarter valued at about $32,000. First Horizon Advisors Inc. raised its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake in 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. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Down 1.1 %

TKO opened at $139.26 on Monday. TKO Group Holdings, Inc. has a 52 week low of $79.65 and a 52 week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $153.66 and a 200-day simple moving average of $137.25. The firm has a market cap of $23.84 billion, a P/E ratio of -331.56 and a beta of 1.08.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 156,446 shares of TKO Group stock in a transaction dated Tuesday, February 11th. The stock was bought at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the purchase, the insider now owns 2,461,668 shares of the company’s stock, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,921,150 shares of company stock valued at $304,383,748 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TKO shares. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Benchmark reiterated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Guggenheim upped 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. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, UBS Group increased their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.