Cwm LLC Acquires 253 Shares of Ares Management Co. (NYSE:ARES)

Cwm LLC lifted its holdings in shares of Ares Management Co. (NYSE:ARES) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,762 shares of the asset manager’s stock after acquiring an additional 253 shares during the quarter. Cwm LLC’s holdings in Ares Management were worth $430,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Riverview Trust Co bought a new position in Ares Management during the first quarter worth $29,000. West Oak Capital LLC grew its stake 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 buying an additional 100 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in Ares Management by 717.6% in the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 244 shares during the period. Key Financial Inc acquired a new stake in Ares Management during the second quarter worth approximately $53,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Ares Management during the first quarter worth approximately $54,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Ryan Berry sold 57,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 456,702 shares in the company, valued at approximately $64,276,239.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Ryan Berry sold 57,500 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.74, for a total value of $8,092,550.00. Following the completion of the transaction, the insider now directly owns 456,702 shares in the company, valued at approximately $64,276,239.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bennett Rosenthal sold 26,579 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.66, for a total value of $3,791,760.14. Following the sale, the chairman now directly owns 75,000 shares in the company, valued at approximately $10,699,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 582,640 shares of company stock valued at $84,659,248. 1.20% of the stock is currently owned by corporate insiders.

Ares Management Stock Performance

NYSE ARES opened at $169.89 on Monday. The firm’s 50 day simple moving average is $151.00 and its 200 day simple moving average is $143.03. The firm has a market capitalization of $52.63 billion, a price-to-earnings ratio of 76.18, a P/E/G ratio of 1.48 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. Ares Management Co. has a 1 year low of $96.00 and a 1 year high of $171.14.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. The firm had revenue of $788.68 million for the quarter, compared to the consensus estimate of $860.09 million. During the same quarter last year, the business posted $0.90 EPS. As a group, research analysts expect that Ares Management Co. will post 4.16 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Monday, September 16th. Ares Management’s dividend payout ratio is presently 166.82%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARES. JPMorgan Chase & Co. lifted their price target on Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley lifted their target price on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their target price on shares of Ares Management from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. TD Cowen raised their price target on shares of Ares Management from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, 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 report on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.82.

About Ares Management

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.