Ares Management Co. (NYSE:ARES) Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC trimmed its position in Ares Management Co. (NYSE:ARES) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,485,772 shares of the asset manager’s stock after selling 171,385 shares during the period. Ares Management makes up approximately 30.0% of Curated Wealth Partners LLC’s holdings, making the stock its 2nd biggest holding. Curated Wealth Partners LLC owned 0.47% of Ares Management worth $263,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Chesley Taft & Associates LLC grew its position in shares of Ares Management by 0.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 14,022 shares of the asset manager’s stock valued at $2,482,000 after purchasing an additional 60 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in shares of Ares Management by 2.3% in the fourth quarter. Premier Path Wealth Partners LLC now owns 2,799 shares of the asset manager’s stock valued at $496,000 after buying an additional 64 shares during the period. Versant Capital Management Inc increased its position in shares of Ares Management by 67.0% during the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Ares Management by 6.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,147 shares of the asset manager’s stock worth $203,000 after acquiring an additional 67 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Ares Management by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,746 shares of the asset manager’s stock valued at $486,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Trading Up 0.8 %

Ares Management stock opened at $197.39 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day simple moving average of $179.15 and a 200 day simple moving average of $161.74. The stock has a market capitalization of $61.79 billion, a P/E ratio of 90.96, a PEG ratio of 1.46 and a beta of 1.18. Ares Management Co. has a 52 week low of $117.47 and a 52 week high of $197.53.

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

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, December 17th. Ares Management’s dividend payout ratio is presently 171.43%.

Insider Buying and Selling

In related news, insider Ryan Berry sold 18,329 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total value of $3,210,874.22. Following the completion of the sale, the insider now directly owns 254,885 shares in the company, valued at $44,650,754.30. The trade was a 6.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Arougheti sold 20,096 shares of Ares Management stock in a transaction on Friday, November 15th. The stock was sold at an average price of $167.44, for a total value of $3,364,874.24. Following the sale, the chief executive officer now directly owns 229,904 shares of the company’s stock, valued at $38,495,125.76. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 574,167 shares of company stock valued at $99,996,647. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ARES. TD Cowen lifted their price target on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their price target 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. The Goldman Sachs Group lifted their price objective on shares of Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Barclays increased their target price on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.92.

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.