1,490 Shares in Ares Management Co. (NYSE:ARES) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new position in Ares Management Co. (NYSE:ARES) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,490 shares of the asset manager’s stock, valued at approximately $232,000.

Several other large investors also recently bought and sold shares of the company. Eastern Bank acquired a new position in shares of Ares Management during the 3rd quarter worth approximately $39,000. West Oak Capital LLC grew its holdings in shares of Ares Management by 40.0% in the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 100 shares during the period. Key Financial Inc acquired a new stake in Ares Management during the second quarter worth about $53,000. EntryPoint Capital LLC purchased a new position in Ares Management during the first quarter worth about $54,000. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in Ares Management by 80.4% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 201 shares during the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARES has been the topic of several analyst reports. Redburn Atlantic started coverage on shares of Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price target on the stock. Wells Fargo & Company increased their price target on Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. UBS Group increased their target price on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Barclays lifted their target price on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average target price of $166.36.

Insider Activity at Ares Management

In other Ares Management news, insider Ryan Berry sold 1,671 shares of Ares Management stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $175.00, for a total transaction of $292,425.00. Following the transaction, the insider now owns 253,214 shares of the company’s stock, valued at $44,312,450. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David B. Kaplan sold 15,798 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $144.10, for a total value of $2,276,491.80. Following the completion of the sale, the insider now owns 155,976 shares of the company’s stock, valued at approximately $22,476,141.60. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 530,453 shares of company stock valued at $78,577,065 over the last three months. 1.20% of the stock is owned by corporate insiders.

Ares Management Trading Up 0.2 %

NYSE ARES opened at $167.50 on Tuesday. Ares Management Co. has a 52 week low of $105.89 and a 52 week high of $175.74. The firm has a 50 day moving average of $160.74 and a two-hundred day moving average of $148.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $52.44 billion, a PE ratio of 77.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.20.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, research analysts expect that Ares Management Co. will post 4.07 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s payout ratio is 171.43%.

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.