Gilbert & Cook Inc. Has $426,000 Position in Ares Management Co. (NYSE:ARES)

Gilbert & Cook Inc. boosted its holdings in Ares Management Co. (NYSE:ARES) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,408 shares of the asset manager’s stock after acquiring an additional 298 shares during the quarter. Gilbert & Cook Inc.’s holdings in Ares Management were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARES. Versant Capital Management Inc boosted 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 valued at $29,000 after buying an additional 65 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Ares Management during the third quarter valued at about $36,000. Eastern Bank bought a new stake in Ares Management in the 3rd quarter worth about $39,000. GAMMA Investing LLC lifted its position in shares of Ares Management by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock worth $40,000 after buying an additional 79 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted 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 valued at $87,000 after acquiring an additional 97 shares during the last quarter. 50.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider R. Kipp Deveer sold 115,838 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the sale, the insider now owns 1,259,162 shares in the company, valued at approximately $223,916,778.46. The trade was a 8.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 20,096 shares of the stock in a transaction on Friday, November 15th. The shares were 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 owns 229,904 shares in the company, valued at approximately $38,495,125.76. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 574,167 shares of company stock worth $99,996,647. 1.20% of the stock is currently owned by company insiders.

Ares Management Trading Up 1.7 %

Ares Management stock traded up $3.35 during trading hours on Thursday, reaching $196.77. The company had a trading volume of 91,536 shares, compared to its average volume of 891,516. The firm has a market cap of $61.60 billion, a price-to-earnings ratio of 90.92, a P/E/G ratio of 1.46 and a beta of 1.18. Ares Management Co. has a 12-month low of $119.76 and a 12-month high of $197.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50-day moving average price of $180.68 and a 200 day moving average price of $163.23.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share 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 business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. During the same quarter in the prior year, the company posted $0.83 EPS. Equities analysts forecast that Ares Management Co. will post 4.05 earnings per share for the current year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, December 17th. Ares Management’s payout ratio is 171.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays restated an “overweight” rating and set a $224.00 price target on shares of Ares Management in a research note on Monday. UBS Group raised their price target on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. TD Cowen boosted their price objective on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods upgraded Ares Management from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $166.00 to $202.00 in a research report on Friday, December 20th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.08.

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.