Royal London Asset Management Ltd. Has $5.81 Million Position in Ares Management Co. (NYSE:ARES)

Royal London Asset Management Ltd. decreased its stake in Ares Management Co. (NYSE:ARES) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,846 shares of the asset manager’s stock after selling 6,028 shares during the period. Royal London Asset Management Ltd.’s holdings in Ares Management were worth $5,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in shares of Ares Management in the third quarter valued at about $27,000. Rise Advisors LLC increased its stake in shares of Ares Management by 73.9% in the fourth quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after buying an additional 102 shares during the period. Hartford Financial Management Inc. increased its stake in shares of Ares Management by 47.4% in the fourth quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock valued at $33,000 after buying an additional 90 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Ares Management in the fourth quarter valued at about $34,000. Finally, TFO Wealth Partners LLC increased its stake in shares of 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 buying an additional 292 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Down 0.1 %

NYSE:ARES traded down $0.20 on Friday, hitting $132.63. The stock had a trading volume of 1,315,501 shares, compared to its average volume of 1,324,976. Ares Management Co. has a 52 week low of $90.29 and a 52 week high of $150.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average is $137.55 and its 200 day moving average is $128.93. The company has a market cap of $41.09 billion, a PE ratio of 59.48, a P/E/G ratio of 1.49 and a beta of 1.21.

Ares Management (NYSE:ARES) last posted its earnings results on Thursday, May 2nd. The asset manager reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). Ares Management had a net margin of 12.86% and a return on equity of 21.22%. The company had revenue of $707.36 million during the quarter, compared to the consensus estimate of $814.88 million. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities research analysts expect that Ares Management Co. will post 4.2 EPS for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.80%. Ares Management’s dividend payout ratio is presently 166.82%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ARES. Royal Bank of Canada restated an “outperform” rating and set a $150.00 target price on shares of Ares Management in a research report on Wednesday, May 22nd. JMP Securities restated a “market perform” rating on shares of Ares Management in a research report on Tuesday, April 9th. Jefferies Financial Group cut their target price on Ares Management from $131.00 to $127.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered Ares Management from a “buy” rating to a “hold” rating and cut their target price for the company from $176.00 to $132.00 in a research report on Thursday. Finally, TD Cowen upped their target price on Ares Management from $154.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $130.29.

Insider Activity

In other news, CEO Michael J. Arougheti sold 157,837 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $148.22, for a total value of $23,394,600.14. Following the transaction, the chief executive officer now owns 92,163 shares in the company, valued at $13,660,399.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael J. Arougheti sold 157,837 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $148.22, for a total transaction of $23,394,600.14. Following the completion of the sale, the chief executive officer now directly owns 92,163 shares of the company’s stock, valued at $13,660,399.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Antony P. Ressler sold 175,152 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $133.56, for a total value of $23,393,301.12. The disclosure for this sale can be found here. Insiders have sold 1,564,673 shares of company stock worth $211,998,778 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

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.