Embree Financial Group Acquires New Holdings in Ares Management Co. (NYSE:ARES)

Embree Financial Group bought a new stake in Ares Management Co. (NYSE:ARES) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,309 shares of the asset manager’s stock, valued at approximately $204,000.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of Ares Management in the first quarter valued at $29,000. West Oak Capital LLC grew its position in Ares Management by 66.7% in the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. J.Safra Asset Management Corp increased its stake in Ares Management by 717.6% during the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after purchasing an additional 244 shares during the period. Key Financial Inc purchased a new stake in Ares Management during the second quarter worth about $53,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Ares Management in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Buying and Selling

In other Ares Management news, Chairman Bennett Rosenthal sold 27,172 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $145.67, for a total transaction of $3,958,145.24. Following the transaction, the chairman now owns 222,828 shares of the company’s stock, valued at approximately $32,459,354.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Ryan Berry sold 57,500 shares of Ares Management stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total value of $8,092,550.00. Following the transaction, the insider now directly owns 456,702 shares of the company’s stock, valued at $64,276,239.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Bennett Rosenthal sold 27,172 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total transaction of $3,958,145.24. Following the sale, the chairman now owns 222,828 shares of the company’s stock, valued at approximately $32,459,354.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 624,316 shares of company stock worth $90,919,400 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Ares Management Trading Up 0.7 %

NYSE:ARES opened at $169.89 on Friday. Ares Management Co. has a 1 year low of $96.00 and a 1 year high of $171.14. The stock has a market cap of $52.63 billion, a P/E ratio of 76.18, a P/E/G ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day simple moving average of $151.00 and a 200-day simple moving average of $142.95.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same period in the prior year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Ares Management Co. will post 4.16 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Monday, September 16th. Ares Management’s dividend payout ratio (DPR) is 166.82%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARES. UBS Group cut their target price on shares of Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group upped their price objective on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada increased their price objective on Ares Management from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. boosted their target price on Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley upped their price target on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and an average target price of $155.82.

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.