SG Americas Securities LLC Sells 3,508 Shares of Ares Management Co. (NYSE:ARES)

SG Americas Securities LLC decreased its stake in shares of Ares Management Co. (NYSE:ARES) by 48.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,797 shares of the asset manager’s stock after selling 3,508 shares during the period. SG Americas Securities LLC’s holdings in Ares Management were worth $672,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of Ares Management by 1.5% during the 2nd quarter. Mackenzie Financial Corp now owns 13,518 shares of the asset manager’s stock valued at $1,802,000 after purchasing an additional 194 shares in the last quarter. Creative Planning raised its position in shares of Ares Management by 5.5% in the second quarter. Creative Planning now owns 18,425 shares of the asset manager’s stock worth $2,456,000 after buying an additional 966 shares in the last quarter. NewEdge Advisors LLC grew its position in Ares Management by 4.7% during the second quarter. NewEdge Advisors LLC now owns 31,294 shares of the asset manager’s stock worth $4,171,000 after buying an additional 1,403 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ares Management by 139.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,262 shares of the asset manager’s stock valued at $835,000 after acquiring an additional 3,644 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Ares Management in the 2nd quarter valued at about $923,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

ARES stock opened at $198.21 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $181.11 and its two-hundred day moving average price is $163.45. The stock has a market capitalization of $62.05 billion, a price-to-earnings ratio of 91.34, a PEG ratio of 1.46 and a beta of 1.18. Ares Management Co. has a 12-month low of $119.76 and a 12-month high of $199.04.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same quarter in the prior year, the company posted $0.83 EPS. As a group, equities analysts predict that Ares Management Co. will post 4.05 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada increased their price target on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com cut Ares Management from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.08.

Insider Activity at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 15,825 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $167.24, for a total transaction of $2,646,573.00. Following the transaction, the chief executive officer now owns 214,079 shares in the company, valued at approximately $35,802,571.96. This represents a 6.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan Berry sold 14,357 shares of Ares Management stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total value of $2,586,557.12. Following the sale, the insider now owns 233,214 shares in the company, valued at $42,015,834.24. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 574,167 shares of company stock worth $99,996,647 over the last quarter. 1.20% of the stock is owned by corporate insiders.

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.