Victory Capital Management Inc. Trims Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Victory Capital Management Inc. reduced its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 455,204 shares of the company’s stock after selling 107,024 shares during the period. Victory Capital Management Inc. owned approximately 0.27% of TKO Group worth $64,689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in TKO Group by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock worth $66,691,000 after purchasing an additional 16,536 shares during the period. Steward Partners Investment Advisory LLC increased its stake in TKO Group by 20.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,118 shares of the company’s stock worth $159,000 after purchasing an additional 188 shares during the period. SBI Securities Co. Ltd. purchased a new stake in TKO Group during the fourth quarter worth about $38,000. Smartleaf Asset Management LLC increased its stake in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Finally, US Bancorp DE increased its stake in TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after purchasing an additional 86 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer sold 5,419 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 transaction of $769,172.86. Following the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Shane Kapral sold 1,034 shares of the firm’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 transaction, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO Group stock opened at $143.39 on Friday. The firm has a market capitalization of $24.49 billion, a P/E ratio of -341.40 and a beta of 1.08. TKO Group Holdings, Inc. has a 52 week low of $79.32 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 firm’s 50 day moving average is $153.65 and its two-hundred day moving average is $135.96.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TKO shares. Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Guggenheim upped their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. 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 research note on Tuesday, December 17th. Finally, The Goldman Sachs Group upped 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. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.