Ares Management Co. (NYSE:ARES) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of Ares Management Co. (NYSE:ARES) by 71.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,150 shares of the asset manager’s stock after acquiring an additional 11,282 shares during the quarter. Quantbot Technologies LP’s holdings in Ares Management were worth $3,619,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ARES. Compass Wealth Management LLC purchased a new stake in Ares Management during the first quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in Ares Management during the first quarter worth approximately $29,000. West Oak Capital LLC lifted its position in shares of Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock worth $33,000 after buying an additional 100 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Ares Management by 29,200.0% in the 4th 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 in the last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of Ares Management by 717.6% in the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insiders Place Their Bets

In other Ares Management news, insider David B. Kaplan sold 125,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $131.94, for a total transaction of $16,492,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider David B. Kaplan sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $131.94, for a total value of $16,492,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Bennett Rosenthal sold 150,000 shares of Ares Management stock in a transaction on Friday, June 21st. The stock was sold at an average price of $131.94, for a total value of $19,791,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 866,816 shares of company stock worth $122,071,500. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARES. UBS Group reduced their price target 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. Barclays boosted their target price on Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $150.00 price objective on shares of Ares Management in a research note on Wednesday, May 22nd. Finally, TD Cowen raised their target price on shares of Ares Management from $158.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $141.42.

Ares Management Stock Performance

NYSE:ARES opened at $149.33 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $46.26 billion, a price-to-earnings ratio of 66.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The firm’s fifty day moving average price is $143.79 and its 200 day moving average price is $138.77. Ares Management Co. has a 1-year low of $96.00 and a 1-year high of $155.53.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. The business had revenue of $788.68 million for the quarter, compared to the consensus estimate of $860.09 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. On average, sell-side analysts expect that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Monday, September 16th. Ares Management’s dividend payout ratio is presently 166.82%.

Ares Management Company 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.