Baird Financial Group Inc. Grows Stock Holdings in TKO Group Holdings, Inc. $TKO

Baird Financial Group Inc. lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 20.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,417 shares of the company’s stock after purchasing an additional 403 shares during the period. Baird Financial Group Inc.’s holdings in TKO Group were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hemington Wealth Management lifted its position in shares of TKO Group by 425.0% in the 1st quarter. Hemington Wealth Management now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 136 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of TKO Group in the 1st quarter worth approximately $26,000. Sentry Investment Management LLC purchased a new stake in shares of TKO Group in the 1st quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of TKO Group in the 1st quarter worth approximately $27,000. Finally, Farther Finance Advisors LLC lifted its position in shares of TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock worth $33,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE TKO opened at $202.38 on Friday. The company’s fifty day moving average price is $178.43 and its 200 day moving average price is $164.90. TKO Group Holdings, Inc. has a 1 year low of $113.63 and a 1 year high of $203.17. The company has a market capitalization of $40.13 billion, a PE ratio of 83.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business earned $0.72 earnings per share. On average, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, September 15th. TKO Group’s dividend payout ratio (DPR) is currently 125.62%.

Analyst Ratings Changes

Several research analysts recently commented on TKO shares. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $182.00 to $212.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Baird R W upgraded shares of TKO Group to a “strong-buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein started coverage on shares of TKO Group in a research note on Wednesday, June 4th. They set an “outperform” rating and a $190.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of TKO Group from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares in the company, valued at approximately $25,625,922.08. This trade represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 73,725 shares of company stock valued at $12,767,807 in the last ninety days. 61.30% of the stock is owned by corporate insiders.

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.