Allianz Asset Management GmbH Sells 3,472 Shares of TKO Group Holdings, Inc. $TKO

Allianz Asset Management GmbH cut its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,656 shares of the company’s stock after selling 3,472 shares during the quarter. Allianz Asset Management GmbH’s holdings in TKO Group were worth $7,807,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Whittier Trust Co. lifted its position in TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after buying an additional 105 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after acquiring an additional 126 shares during the last quarter. Cromwell Holdings LLC lifted its stake in TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after acquiring an additional 168 shares during the last quarter. Finally, Eastern Bank purchased a new position in TKO Group in the 2nd quarter worth approximately $34,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Price Performance

TKO stock opened at $209.18 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. The firm has a 50-day moving average of $205.87 and a 200 day moving average of $193.86. The company has a market cap of $40.81 billion, a P/E ratio of 80.15 and a beta of 0.65.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.78 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio is presently 119.54%.

Insider Transactions at TKO Group

In related news, insider Seth D. Krauss sold 14,016 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total value of $2,820,299.52. Following the completion of the transaction, the insider directly owned 2,271 shares in the company, valued at $456,970.62. This trade represents a 86.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 shares of TKO Group stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the transaction, the chief financial officer directly owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This trade represents a 30.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,862 shares of company stock worth $34,020,148 in the last ninety days. 53.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. BTIG Research upped their price objective on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. TD Cowen reissued a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Morgan Stanley set a $210.00 price target on TKO Group in a research report on Thursday, December 18th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $227.00 price objective on shares of TKO Group in a research report on Monday, December 15th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus price target of $227.73.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.