Stephens Inc. AR Purchases 2,256 Shares of Ares Management Corporation $ARES

Stephens Inc. AR lifted its position in Ares Management Corporation (NYSE:ARES) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 59,413 shares of the asset manager’s stock after purchasing an additional 2,256 shares during the period. Stephens Inc. AR’s holdings in Ares Management were worth $10,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC grew its holdings in shares of Ares Management by 60.3% in the second quarter. Beverly Hills Private Wealth LLC now owns 5,475 shares of the asset manager’s stock worth $948,000 after purchasing an additional 2,059 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Ares Management by 6.8% in the second quarter. Chicago Partners Investment Group LLC now owns 22,452 shares of the asset manager’s stock valued at $4,054,000 after acquiring an additional 1,420 shares in the last quarter. Cannon Global Investment Management LLC bought a new stake in Ares Management in the second quarter valued at $866,000. Koshinski Asset Management Inc. bought a new stake in Ares Management in the second quarter valued at $204,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in Ares Management by 1.6% in the second quarter. Stratos Wealth Partners LTD. now owns 54,265 shares of the asset manager’s stock valued at $9,399,000 after acquiring an additional 864 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

Shares of Ares Management stock opened at $146.72 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $47.94 billion, a P/E ratio of 84.81, a P/E/G ratio of 1.12 and a beta of 1.43. The business has a fifty day simple moving average of $170.17 and a two-hundred day simple moving average of $167.55. Ares Management Corporation has a 12 month low of $110.63 and a 12 month high of $200.49.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, August 1st. The asset manager reported $1.03 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.12). The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Ares Management had a net margin of 9.47% and a return on equity of 15.81%. During the same period in the prior year, the business posted $0.99 EPS. On average, equities analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 16th. Ares Management’s payout ratio is currently 258.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on ARES shares. Oppenheimer set a $180.00 price target on shares of Ares Management and gave the company an “outperform” rating in a report on Tuesday, October 14th. Raymond James Financial started coverage on shares of Ares Management in a report on Monday, July 28th. They issued a “market perform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, October 14th. JMP Securities lifted their price target on shares of Ares Management from $195.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Ares Management from $193.00 to $203.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $181.31.

Insider Activity

In other news, CEO Michael J. Arougheti sold 136,516 shares of Ares Management stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $182.74, for a total value of $24,946,933.84. Following the completion of the transaction, the chief executive officer owned 311,728 shares of the company’s stock, valued at $56,965,174.72. The trade was a 30.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Antony P. Ressler sold 196,197 shares of Ares Management stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $178.79, for a total value of $35,078,061.63. Following the completion of the transaction, the chairman directly owned 1,424,538 shares of the company’s stock, valued at approximately $254,693,149.02. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,590,000 shares of company stock valued at $464,430,639. 0.52% of the stock is owned by insiders.

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.