Jones Financial Companies Lllp Raises Stake in TKO Group Holdings, Inc. $TKO

Key Points

• Jones Financial Companies Lllp significantly increased its stake in TKO Group Holdings by 149,775%, now owning 77,935 shares valued at approximately $11.9 million.
• Several institutional investors, including Vanguard and Invesco, have also raised their stakes in TKO Group, indicating a strong interest in the company, which is now 89.79% owned by institutional investors.
• TKO Group recently declared an increased quarterly dividend of $0.76, up from $0.38, reflecting a strong return for investors despite a high dividend payout ratio of 125.62%.

Jones Financial Companies Lllp grew its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 149,775.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,935 shares of the company's stock after purchasing an additional 77,883 shares during the quarter. Jones Financial Companies Lllp's holdings in TKO Group were worth $11,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TKO. Vanguard Group Inc. lifted its stake in shares of TKO Group by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock valued at $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Invesco Ltd. grew its position in shares of TKO Group by 569.7% during the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company's stock valued at $217,457,000 after purchasing an additional 1,210,563 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in TKO Group by 242.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company's stock worth $228,675,000 after acquiring an additional 1,059,636 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in TKO Group in the first quarter worth $71,834,000. Finally, Steadfast Capital Management LP increased its holdings in shares of TKO Group by 146.9% in the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock worth $101,010,000 after buying an additional 422,900 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Nick Khan sold 9,519 shares of the business'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 owned 137,456 shares of the company's stock, valued at $25,625,922.08. The trade was 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 available at this link. Insiders have sold a total of 73,725 shares of company stock valued at $12,767,807 in the last quarter. 61.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TKO has been the topic of several analyst reports. Roth Capital boosted their target price on TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Robert W. Baird began coverage on shares of TKO Group in a research report on Friday. They set an "outperform" rating and a $225.00 target price on the stock. Guggenheim lifted their price objective on TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Citigroup boosted their price objective on shares of TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Bank of America boosted their target price on shares of TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $192.21.

TKO Group Trading Up 3.4%

Shares of NYSE:TKO opened at $200.52 on Tuesday. The business has a 50 day moving average of $177.14 and a two-hundred day moving average of $164.17. TKO Group Holdings, Inc. has a 12-month low of $113.16 and a 12-month high of $200.71. The company has a market capitalization of $39.76 billion, a PE ratio of 82.86 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. As a group, analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a yield of 1.5%. This is an increase from TKO Group's previous quarterly dividend of $0.38. TKO Group's dividend payout ratio is 125.62%.

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.

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