Marest Capital LLC Makes New $256,000 Investment in Ares Management Co. (NYSE:ARES)

Marest Capital LLC bought a new position in shares of Ares Management Co. (NYSE:ARES) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,644 shares of the asset manager’s stock, valued at approximately $256,000. Ares Management comprises 0.2% of Marest Capital LLC’s portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Ares Management by 1.3% during the first quarter. Vanguard Group Inc. now owns 16,599,345 shares of the asset manager’s stock valued at $2,207,381,000 after buying an additional 206,996 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Ares Management by 58.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager’s stock valued at $674,183,000 after buying an additional 1,867,933 shares during the last quarter. LRI Investments LLC raised its position in shares of Ares Management by 49.4% during the second quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager’s stock valued at $376,191,000 after buying an additional 933,664 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ares Management by 24.4% during the second quarter. American Century Companies Inc. now owns 2,316,584 shares of the asset manager’s stock valued at $308,754,000 after buying an additional 453,657 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Ares Management by 38.5% during the second quarter. Principal Financial Group Inc. now owns 2,171,188 shares of the asset manager’s stock valued at $289,376,000 after buying an additional 603,676 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Transactions at Ares Management

In other news, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Kipp Deveer sold 41,676 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $150.21, for a total transaction of $6,260,151.96. Following the transaction, the insider now owns 1,075,000 shares in the company, valued at $161,475,750. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 624,316 shares of company stock worth $90,919,400. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

ARES has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of Ares Management from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Redburn Atlantic initiated coverage on shares of Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price objective for the company. TD Cowen upped their price objective on shares of Ares Management from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays upped their target price on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.82.

Ares Management Price Performance

Shares of Ares Management stock opened at $168.73 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $52.28 billion, a price-to-earnings ratio of 75.66, a P/E/G ratio of 1.48 and a beta of 1.22. Ares Management Co. has a 1-year low of $96.00 and a 1-year high of $171.14. The firm’s 50-day moving average price is $150.43 and its two-hundred day moving average price is $142.61.

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

Ares Management Dividend Announcement

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

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.