Bank of New York Mellon Corp Trims Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Bank of New York Mellon Corp reduced its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 503,996 shares of the company's stock after selling 87,683 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of TKO Group worth $71,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after buying an additional 73 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after acquiring an additional 97 shares during the period. Louisiana State Employees Retirement System increased its position in TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock valued at $2,629,000 after acquiring an additional 100 shares during the last quarter. UMB Bank n.a. lifted its holdings in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock worth $263,000 after purchasing an additional 125 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TKO shares. Pivotal Research reaffirmed a "buy" rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Morgan Stanley upped their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Guggenheim boosted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company's stock, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ariel Emanuel acquired 117,769 shares of the stock in a transaction on Wednesday, February 12th. The shares were acquired at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the chief executive officer now directly owns 2,579,437 shares of the company's stock, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by insiders.

TKO Group Price Performance

TKO traded down $4.70 on Friday, hitting $142.29. 1,413,392 shares of the company's stock traded hands, compared to its average volume of 971,039. TKO Group Holdings, Inc. has a one year low of $79.32 and a one year high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.30 billion, a price-to-earnings ratio of -338.44 and a beta of 1.06. The company's 50 day simple moving average is $153.65 and its 200-day simple moving average is $135.96.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, March 14th. TKO Group's dividend payout ratio (DPR) is presently 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.