Ares Management Co. (NYSE:ARES) Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in Ares Management Co. (NYSE:ARES) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 46,101 shares of the asset manager’s stock after buying an additional 1,956 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ares Management were worth $6,258,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Compass Wealth Management LLC bought a new position in Ares Management during the first quarter valued at about $28,000. Riverview Trust Co purchased a new stake in shares of Ares Management during the first quarter worth $29,000. West Oak Capital LLC lifted its holdings in shares of Ares Management by 66.7% during 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. TFO Wealth Partners LLC lifted its stake in 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 acquiring an additional 292 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in Ares Management by 717.6% in the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after purchasing an additional 244 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors.

Ares Management Trading Up 2.3 %

Shares of Ares Management stock opened at $152.81 on Wednesday. The firm has a 50-day moving average of $144.15 and a 200-day moving average of $138.90. Ares Management Co. has a 52-week low of $96.00 and a 52-week high of $155.53. The stock has a market cap of $47.34 billion, a PE ratio of 68.52, a PEG ratio of 1.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, topping 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 prior year, the company earned $0.90 EPS. As a group, sell-side analysts forecast that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, September 16th. Ares Management’s dividend payout ratio is presently 166.82%.

Insider Transactions at Ares Management

In other news, insider David B. Kaplan sold 125,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $131.94, for a total transaction of $16,492,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ares Management news, insider David B. Kaplan sold 125,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $131.94, for a total value of $16,492,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan Berry sold 10,000 shares of the business’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 completion of the transaction, the insider now directly owns 446,702 shares in the company, valued at $63,485,288.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 866,816 shares of company stock valued at $122,071,500. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

ARES has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 5th. TD Cowen upped their target price on shares of Ares Management from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Redburn Atlantic began 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. 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 target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, August 15th. One research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $141.42.

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.