TKO Group Holdings, Inc. (NYSE:TKO) Declares $0.38 Quarterly Dividend

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) announced a quarterly dividend on Friday, May 30th, RTT News reports. Investors of record on Friday, June 13th will be given a dividend of 0.38 per share on Monday, June 30th. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, June 13th.

TKO Group has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TKO Group to earn $3.15 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 48.3%.

TKO Group Stock Performance

Shares of TKO stock traded up $4.08 on Tuesday, reaching $163.63. The stock had a trading volume of 392,308 shares, compared to its average volume of 1,109,985. The stock has a market cap of $32.38 billion, a P/E ratio of -389.60 and a beta of 0.73. TKO Group has a 1 year low of $100.76 and a 1 year high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day simple moving average of $155.48 and a 200 day simple moving average of $150.87.

TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned ($1.26) earnings per share. TKO Group's quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that TKO Group will post 3.88 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TKO shares. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Benchmark restated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Guggenheim increased their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Susquehanna began coverage on TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price target on the stock. Two 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $166.25.

Insiders Place Their Bets

In other news, Director Sonya E. Medina purchased 233 shares of TKO Group stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now owns 2,000 shares in the company, valued at $285,860. This represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Kraft purchased 3,500 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $140.69 per share, with a total value of $492,415.00. Following the purchase, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. This represents a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 61.30% of the company's stock.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of TKO Group during the first quarter worth about $46,000. Geneos Wealth Management Inc. lifted its stake in shares of TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company's stock valued at $78,000 after buying an additional 286 shares during the period. Amundi lifted its stake in shares of TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company's stock valued at $205,000 after buying an additional 1,050 shares during the period. United Services Automobile Association purchased a new position in TKO Group during the first quarter worth approximately $218,000. Finally, AQR Capital Management LLC raised its stake in TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company's stock worth $1,083,000 after purchasing an additional 696 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.