Ares Management Co. (NYSE:ARES) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd increased its position in Ares Management Co. (NYSE:ARES) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,494 shares of the asset manager’s stock after acquiring an additional 1,074 shares during the period. Gulf International Bank UK Ltd’s holdings in Ares Management were worth $2,258,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its position in shares of Ares Management by 32.5% in the first quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock valued at $2,705,000 after buying an additional 4,996 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Ares Management by 24.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 192,634 shares of the asset manager’s stock valued at $25,674,000 after acquiring an additional 38,047 shares in the last quarter. Forsta AP Fonden raised its position in Ares Management by 20.4% during the first quarter. Forsta AP Fonden now owns 39,000 shares of the asset manager’s stock worth $5,186,000 after acquiring an additional 6,600 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Ares Management by 9,510.9% in the first quarter. Headlands Technologies LLC now owns 5,286 shares of the asset manager’s stock valued at $703,000 after purchasing an additional 5,231 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Ares Management in the first quarter valued at approximately $968,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ares Management

In other Ares Management news, Chairman Bennett Rosenthal sold 27,172 shares of Ares Management stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $145.67, for a total transaction of $3,958,145.24. Following the transaction, the chairman now directly owns 222,828 shares of the company’s stock, valued at $32,459,354.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Ryan Berry sold 57,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the sale, the insider now directly owns 456,702 shares in the company, valued at approximately $64,276,239.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Bennett Rosenthal sold 27,172 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,958,145.24. Following the completion of the transaction, 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. In the last quarter, insiders sold 622,640 shares of company stock worth $91,378,848. 41.89% of the stock is currently owned by company insiders.

Ares Management Stock Performance

Shares of ARES stock opened at $172.49 on Thursday. The firm has a market capitalization of $53.99 billion, a price-to-earnings ratio of 79.49, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a 50 day moving average price of $157.04 and a 200 day moving average price of $146.19. Ares Management Co. has a one year low of $101.44 and a one year high of $175.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a return on equity of 20.51% and a net margin of 12.51%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. During the same period last year, the company posted $0.83 EPS. Sell-side analysts anticipate that Ares Management Co. will post 4.11 EPS for the current year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio is currently 171.43%.

Analyst Upgrades and Downgrades

ARES has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday. The Goldman Sachs Group upped their price objective on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Barclays lifted their price objective on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada upped their target price on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday. Finally, TD Cowen lifted their price target on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and a consensus price target of $166.00.

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.