Siligmueller & Norvid Wealth Advisors LLC Makes New Investment in Ares Management Co. (NYSE:ARES)

Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in shares of Ares Management Co. (NYSE:ARES) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,403 shares of the asset manager’s stock, valued at approximately $6,621,000. Ares Management comprises about 2.8% of Siligmueller & Norvid Wealth Advisors LLC’s portfolio, making the stock its 8th largest holding.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Ares Management by 6.5% in the third quarter. Victory Capital Management Inc. now owns 65,417 shares of the asset manager’s stock worth $10,195,000 after buying an additional 4,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ares Management by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,985 shares of the asset manager’s stock worth $106,436,000 after acquiring an additional 36,476 shares during the period. Toronto Dominion Bank raised its position in shares of Ares Management by 31.2% in the 3rd quarter. Toronto Dominion Bank now owns 22,750 shares of the asset manager’s stock worth $3,545,000 after acquiring an additional 5,404 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ares Management by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock valued at $1,284,773,000 after purchasing an additional 679,462 shares during the period. Finally, Caldwell Investment Management Ltd. grew its stake in Ares Management by 134.1% in the fourth quarter. Caldwell Investment Management Ltd. now owns 10,300 shares of the asset manager’s stock worth $1,842,000 after purchasing an additional 5,900 shares during the period. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded shares of Ares Management from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $166.00 to $202.00 in a report on Friday, December 20th. JPMorgan Chase & Co. cut their price objective on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Royal Bank of Canada raised their price objective on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. JMP Securities reiterated a “market perform” rating on shares of Ares Management in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Ares Management from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.17.

Insider Buying and Selling at Ares Management

In related news, insider Ryan Berry sold 5,443 shares of Ares Management stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $180.14, for a total value of $980,502.02. Following the completion of the transaction, the insider now owns 247,771 shares in the company, valued at approximately $44,633,467.94. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider R. Kipp Deveer sold 115,838 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $177.83, for a total value of $20,599,471.54. Following the completion of the sale, the insider now directly owns 1,259,162 shares of the company’s stock, valued at $223,916,778.46. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,571 shares of company stock valued at $39,165,379 in the last 90 days. Insiders own 41.89% of the company’s stock.

Ares Management Price Performance

Shares of Ares Management stock opened at $167.36 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a 52 week low of $125.23 and a 52 week high of $200.49. The stock’s 50-day simple moving average is $184.43 and its 200-day simple moving average is $169.15. The company has a market capitalization of $52.39 billion, a price-to-earnings ratio of 82.44, a PEG ratio of 1.28 and a beta of 1.18.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a net margin of 11.35% and a return on equity of 16.64%. As a group, analysts expect that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.48 annualized dividend and a yield of 2.68%. This is a boost from Ares Management’s previous quarterly dividend of $0.93. Ares Management’s payout ratio is presently 183.25%.

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.