Public Employees Retirement Association of Colorado Has $2.51 Million Stake in Ares Management Co. (NYSE:ARES)

Public Employees Retirement Association of Colorado lessened its position in shares of Ares Management Co. (NYSE:ARES) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,805 shares of the asset manager’s stock after selling 290 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Ares Management were worth $2,506,000 at the end of the most recent reporting period.

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

Ares Management Price Performance

Shares of NYSE:ARES opened at $156.14 on Tuesday. The business has a fifty day moving average price of $145.22 and a 200-day moving average price of $139.46. The company has a market capitalization of $48.37 billion, a PE ratio of 70.02, a PEG 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 $158.50. 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 data on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The company 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 last year, the company earned $0.90 EPS. As a group, equities analysts expect that Ares Management Co. will post 4.15 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, September 16th. Ares Management’s dividend payout ratio is 166.82%.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 27,120 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $145.67, for a total transaction of $3,950,570.40. Following the completion of the sale, the chief executive officer now owns 222,880 shares of the company’s stock, valued at $32,466,929.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ares Management news, insider Ryan Berry sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $142.12, for a total transaction of $1,421,200.00. Following the sale, the insider now directly owns 446,702 shares of the company’s stock, valued at $63,485,288.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Arougheti sold 27,120 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $145.67, for a total value of $3,950,570.40. Following the completion of the transaction, the chief executive officer now owns 222,880 shares in the company, valued at $32,466,929.60. The disclosure for this sale can be found here. Insiders have sold 604,316 shares of company stock worth $87,718,000 in the last quarter. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ARES shares. Redburn Atlantic assumed coverage on shares of Ares Management in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ares Management from $134.00 to $133.00 and set a “hold” rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their target price on Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Barclays upped their price target on Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, UBS Group dropped their target price on shares of Ares Management from $160.00 to $158.00 and set a “buy” rating for the company 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.