TD Asset Management Inc. Has $142.27 Million Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

TD Asset Management Inc. cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,001,157 shares of the company’s stock after selling 94,159 shares during the quarter. TD Asset Management Inc.’s holdings in TKO Group were worth $142,274,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TKO. M&T Bank Corp lifted its holdings in TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after buying an additional 64 shares during the period. Blue Trust Inc. boosted its position in shares of TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. US Bancorp DE grew its stake in shares of 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. Coldstream Capital Management Inc. increased its holdings in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in TKO Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after buying an additional 100 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jonathan Kraft acquired 3,500 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now owns 23,500 shares in the company, valued at $3,306,215. This represents a 17.50 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. The Goldman Sachs Group lifted their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Guggenheim raised their price objective on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley lifted their price objective on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Two investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Price Performance

Shares of TKO opened at $154.65 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a twelve month low of $85.01 and a twelve month high of $179.09. The stock has a market capitalization of $26.47 billion, a P/E ratio of -368.21 and a beta of 1.08. The company has a 50 day moving average of $154.78 and a 200-day moving average of $138.86.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.98%. TKO Group’s payout ratio is currently 7,600.00%.

TKO Group Company 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.