Swiss National Bank Purchases 1,600 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Swiss National Bank increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,500 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Swiss National Bank’s holdings in TKO Group were worth $20,393,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter valued at about $32,000. Game Plan Financial Advisors LLC grew its holdings in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new stake in TKO Group during the fourth quarter valued at about $38,000. Finally, UMB Bank n.a. grew its holdings in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $145.35 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.88 billion, a P/E ratio of -346.08 and a beta of 1.08. TKO Group Holdings, Inc. has a 12 month low of $80.03 and a 12 month high of $179.09. The business’s 50-day moving average is $153.81 and its 200 day moving average is $137.65.

TKO Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.05%. TKO Group’s payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. The trade was a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TKO has been the subject of several recent research reports. Guggenheim boosted their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Morgan Stanley boosted their price objective on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Two research 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’s stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.