Ares Management Co. (NYSE:ARES) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in shares of Ares Management Co. (NYSE:ARES) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,146 shares of the asset manager’s stock after buying an additional 1,249 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Ares Management were worth $1,737,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of Ares Management by 3.9% in the third quarter. National Bank of Canada FI now owns 214,976 shares of the asset manager’s stock valued at $33,501,000 after purchasing an additional 8,164 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Ares Management in the third quarter valued at $9,757,000. EP Wealth Advisors LLC increased its position in Ares Management by 16.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 26,962 shares of the asset manager’s stock worth $4,202,000 after purchasing an additional 3,868 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in Ares Management during the 3rd quarter worth about $203,000. Finally, State Street Corp raised its stake in Ares Management by 5.1% in the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock valued at $596,318,000 after purchasing an additional 187,184 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price objective on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Royal Bank of Canada upped their price objective on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their target price on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Barclays boosted their price objective on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.64.

Insider Buying and Selling

In related news, insider Ryan Berry sold 5,443 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $180.14, for a total transaction of $980,502.02. Following the completion of the sale, the insider now owns 247,771 shares of the company’s stock, valued at $44,633,467.94. This represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Kipp Deveer sold 115,838 shares of the stock in a transaction dated Friday, December 6th. The stock was 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. This trade represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 644,810 shares of company stock worth $111,116,340. Corporate insiders own 1.20% of the company’s stock.

Ares Management Stock Performance

Ares Management stock opened at $182.66 on Friday. Ares Management Co. has a 12-month low of $112.03 and a 12-month high of $184.47. 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 market capitalization of $57.18 billion, a price-to-earnings ratio of 83.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The firm’s fifty day moving average price is $169.17 and its 200 day moving average price is $152.17.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, research analysts forecast that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.04%. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

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.