Daiwa Securities Group Inc. Has $1.72 Million Stock Holdings in Ares Management Co. (NYSE:ARES)

Daiwa Securities Group Inc. boosted its position in Ares Management Co. (NYSE:ARES) by 16.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,903 shares of the asset manager’s stock after buying an additional 1,775 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ares Management were worth $1,720,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Ares Management by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 16,599,345 shares of the asset manager’s stock valued at $2,207,381,000 after buying an additional 206,996 shares during the last quarter. Franklin Resources Inc. raised its position in Ares Management by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 3,872,559 shares of the asset manager’s stock valued at $460,525,000 after buying an additional 71,819 shares during the last quarter. LRI Investments LLC raised its position in Ares Management by 49.4% in the 2nd quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager’s stock valued at $376,191,000 after buying an additional 933,664 shares during the last quarter. Principal Financial Group Inc. raised its position in Ares Management by 38.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,171,188 shares of the asset manager’s stock valued at $289,376,000 after buying an additional 603,676 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Ares Management during the 4th quarter worth approximately $205,499,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Performance

ARES opened at $147.40 on Friday. The business has a fifty day simple moving average of $143.52 and a 200 day simple moving average of $138.60. The company has a market capitalization of $46.13 billion, a PE ratio of 66.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. Ares Management Co. has a 1 year low of $96.00 and a 1 year high of $155.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same period in the previous year, the company posted $0.90 EPS. Research analysts expect that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.93 dividend. The ex-dividend date is Monday, September 16th. This represents a $3.72 annualized dividend and a yield of 2.52%. Ares Management’s dividend payout ratio (DPR) is presently 166.82%.

Insider Activity at Ares Management

In other news, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the completion of the sale, the insider now directly owns 456,702 shares in the company, valued at approximately $64,276,239.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Bennett Rosenthal sold 150,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $131.94, for a total transaction of $19,791,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total value of $8,092,550.00. Following the sale, the insider now owns 456,702 shares of the company’s stock, valued at $64,276,239.48. The disclosure for this sale can be found here. Insiders sold 779,315 shares of company stock worth $109,487,356 in the last ninety days. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Ares Management in a research report on Thursday. They set an “equal weight” rating and a $156.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Redburn Atlantic assumed coverage on Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 price target on shares of Ares Management in a research report on Wednesday, May 22nd. Finally, UBS Group lowered their price target on Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $141.42.

Ares Management Company Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.