Sequoia Financial Advisors LLC Boosts Holdings in Ares Management Co. (NYSE:ARES)

Sequoia Financial Advisors LLC lifted its position in shares of Ares Management Co. (NYSE:ARES) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,560 shares of the asset manager’s stock after purchasing an additional 95 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ares Management were worth $399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Oak Capital LLC lifted 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 in the last quarter. J.Safra Asset Management Corp lifted its stake in shares of 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 acquiring an additional 244 shares in the last quarter. Key Financial Inc purchased a new position in Ares Management in the second quarter valued at about $53,000. EntryPoint Capital LLC acquired a new stake in Ares Management during the 1st quarter valued at approximately $54,000. Finally, Industrial Alliance Investment Management Inc. grew its stake in Ares Management by 80.4% during 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 in the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays increased their target price on Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. UBS Group increased their price objective on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. 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. Finally, The Goldman Sachs Group boosted their price objective on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $159.18.

Insider Transactions at Ares Management

In related news, Chairman Bennett Rosenthal sold 10,154 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $144.46, for a total transaction of $1,466,846.84. Following the transaction, the chairman now owns 191,508 shares in the company, valued at $27,665,245.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Bennett Rosenthal sold 10,154 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $144.46, for a total transaction of $1,466,846.84. Following the completion of the transaction, the chairman now owns 191,508 shares of the company’s stock, valued at $27,665,245.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan Berry sold 57,500 shares of Ares Management stock in a transaction dated 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 transaction, the insider now directly owns 456,702 shares in the company, valued at approximately $64,276,239.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 622,640 shares of company stock valued at $91,378,848. Company insiders own 1.20% of the company’s stock.

Ares Management Stock Performance

Shares of ARES stock opened at $169.47 on Monday. Ares Management Co. has a 12-month low of $96.00 and a 12-month high of $171.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $52.50 billion, a price-to-earnings ratio of 76.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The business has a 50 day simple moving average of $153.55 and a 200 day simple moving average of $144.19.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. The company had revenue of $788.68 million during the quarter, compared to analysts’ expectations of $860.09 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. On average, equities research analysts anticipate that Ares Management Co. will post 4.16 EPS for the current year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.93 per share. The ex-dividend date was Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.20%. Ares Management’s dividend payout ratio (DPR) is 166.82%.

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.