Ares Management Co. (NYSE:ARES) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Ares Management Co. (NYSE:ARES) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,377 shares of the asset manager’s stock after buying an additional 2,233 shares during the period. Blair William & Co. IL’s holdings in Ares Management were worth $8,980,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Compass Wealth Management LLC purchased a new position in Ares Management in the first quarter valued at $28,000. Riverview Trust Co purchased a new stake in Ares Management during the 1st quarter worth about $29,000. West Oak Capital LLC raised its position in Ares Management by 66.7% in the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in shares of Ares Management by 29,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock valued at $35,000 after buying an additional 292 shares during the period. Finally, J.Safra Asset Management Corp grew its position in shares of Ares Management by 717.6% during the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Trading Up 0.1 %

NYSE:ARES opened at $156.66 on Friday. The company has a market capitalization of $48.54 billion, a PE ratio of 70.25, a P/E/G ratio of 1.33 and a beta of 1.21. Ares Management Co. has a 52-week low of $96.00 and a 52-week high of $157.53. The stock’s 50 day moving average price is $145.02 and its 200 day moving average price is $139.27. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. The business had revenue of $788.68 million for the quarter, compared to analyst estimates of $860.09 million. During the same period last year, the firm posted $0.90 earnings per share. On average, research analysts anticipate that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.72 annualized dividend and a dividend yield of 2.37%. Ares Management’s dividend payout ratio (DPR) is 166.82%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARES. JPMorgan Chase & Co. raised their target price on shares of Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. UBS Group reduced their price objective on shares of Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Redburn Atlantic initiated coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price target on Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th. Finally, Wells Fargo & Company assumed coverage on Ares Management in a research report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Ares Management currently has a consensus rating of “Hold” and a consensus price target of $141.42.

Insider Buying and Selling

In other Ares Management news, insider Ryan Berry sold 12,500 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $154.40, for a total transaction of $1,930,000.00. Following the completion of the sale, the insider now directly owns 376,702 shares of the company’s stock, valued at approximately $58,162,788.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider R. Kipp Deveer sold 41,676 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $150.21, for a total transaction of $6,260,151.96. Following the completion of the transaction, the insider now directly owns 1,075,000 shares of the company’s stock, valued at $161,475,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan Berry sold 12,500 shares of Ares Management stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $154.40, for a total value of $1,930,000.00. Following the completion of the sale, the insider now directly owns 376,702 shares in the company, valued at approximately $58,162,788.80. The disclosure for this sale can be found here. Insiders have sold a total of 604,316 shares of company stock valued at $87,718,000 over the last quarter. 1.20% of the stock is currently owned by insiders.

Ares Management 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.