Ares Management Co. (NYSE:ARES) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its holdings in Ares Management Co. (NYSE:ARES) by 14.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,882 shares of the asset manager’s stock after selling 2,801 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Ares Management were worth $2,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Chicago Partners Investment Group LLC grew its holdings in shares of Ares Management by 1.4% in the third quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock valued at $1,070,000 after purchasing an additional 89 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Ares Management by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after acquiring an additional 95 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Ares Management by 21.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock worth $87,000 after acquiring an additional 97 shares during the last quarter. West Oak Capital LLC lifted its stake in Ares Management by 40.0% in the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Ares Management by 10.8% in the second quarter. First Horizon Advisors Inc. now owns 1,073 shares of the asset manager’s stock worth $143,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Down 1.9 %

ARES stock opened at $167.34 on Thursday. The company has a fifty day moving average price of $159.06 and a 200 day moving average price of $147.28. Ares Management Co. has a 12 month low of $101.44 and a 12 month high of $175.74. The company has a market cap of $52.38 billion, a price-to-earnings ratio of 77.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05.

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 the consensus estimate 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 prior year, the firm earned $0.83 EPS. Sell-side analysts expect that Ares Management Co. will post 4.07 earnings per share for the current year.

Ares Management Dividend Announcement

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

Insider Activity at Ares Management

In other Ares Management news, insider Ryan Berry sold 57,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $64,276,239.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ares Management news, insider Ryan Berry sold 57,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $64,276,239.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bennett Rosenthal sold 26,579 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.66, for a total transaction of $3,791,760.14. Following the completion of the transaction, the chairman now directly owns 75,000 shares in the company, valued at $10,699,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 561,280 shares of company stock worth $83,030,436 in the last 90 days. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARES shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday. Barclays lifted their price target on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley lifted their price target on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. TD Cowen boosted 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. Finally, UBS Group boosted their price objective on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average price target of $166.36.

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.