TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,364 shares of the company’s stock after acquiring an additional 125 shares during the period. PNC Financial Services Group Inc.’s holdings in TKO Group were worth $514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Barings LLC lifted its holdings in TKO Group by 30.0% in the 1st quarter. Barings LLC now owns 12,139 shares of the company’s stock valued at $1,855,000 after acquiring an additional 2,801 shares during the last quarter. Commerce Bank lifted its stake in TKO Group by 8.7% during the first quarter. Commerce Bank now owns 30,206 shares of the company’s stock valued at $4,616,000 after purchasing an additional 2,422 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in TKO Group during the first quarter valued at approximately $623,000. US Bancorp DE boosted its holdings in TKO Group by 33.5% during the first quarter. US Bancorp DE now owns 754 shares of the company’s stock worth $115,000 after buying an additional 189 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in TKO Group by 2.8% in the first quarter. Natixis Advisors LLC now owns 98,350 shares of the company’s stock worth $15,029,000 after buying an additional 2,685 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Up 2.9%

NYSE:TKO opened at $191.45 on Thursday. The stock has a market cap of $37.89 billion, a PE ratio of 79.11 and a beta of 0.72. TKO Group Holdings, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $191.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s 50-day moving average is $171.13 and its two-hundred day moving average is $161.32.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, June 13th. TKO Group’s dividend payout ratio (DPR) is currently 62.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TKO. Susquehanna assumed coverage on TKO Group in a research report on Monday, April 28th. They set a “positive” rating and a $180.00 price objective for the company. Morgan Stanley reaffirmed an “outperform” rating on shares of TKO Group in a research report on Sunday. The Goldman Sachs Group increased their price target on TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Northcoast Research downgraded TKO Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 10th. Finally, Guggenheim upped their price objective on shares of TKO Group from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.15.

Insider Buying and Selling

In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the completion of the sale, the director directly owned 146,975 shares in the company, valued at $24,597,736. The trade was a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter C. B. Bynoe purchased 980 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $169.59 per share, with a total value of $166,198.20. Following the purchase, the director owned 2,747 shares in the company, valued at $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 73,725 shares of company stock worth $12,501,561. Corporate insiders own 61.30% of the company’s stock.

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.