US Bancorp DE Purchases 86 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

US Bancorp DE grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 18.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 565 shares of the company’s stock after purchasing an additional 86 shares during the quarter. US Bancorp DE’s holdings in TKO Group were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its holdings in TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after acquiring an additional 4,836 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after purchasing an additional 8,006 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after purchasing an additional 16,746 shares in the last quarter. Petrus Trust Company LTA purchased a new position in shares of TKO Group in the third quarter worth $597,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TKO shares. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Pivotal Research reissued a “buy” rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. 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. Finally, Guggenheim increased 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. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 125,589 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the transaction, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel bought 117,769 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the acquisition, the chief executive officer now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,921,150 shares of company stock valued at $304,383,748 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Trading Up 4.4 %

NYSE:TKO opened at $145.82 on Tuesday. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of -347.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day moving average price of $153.74 and a 200-day moving average price of $137.46. TKO Group Holdings, Inc. has a one year low of $79.65 and a one year high of $179.09.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is currently 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.