DSM Capital Partners LLC Grows Stock Position in Ares Management Co. (NYSE:ARES)

DSM Capital Partners LLC boosted its position in Ares Management Co. (NYSE:ARES) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,398 shares of the asset manager’s stock after buying an additional 1,398 shares during the quarter. DSM Capital Partners LLC’s holdings in Ares Management were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ARES. Hartford Financial Management Inc. grew its position in shares of Ares Management by 47.4% in the fourth quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 90 shares in the last quarter. Rise Advisors LLC grew its position in shares of Ares Management by 73.9% in the fourth quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 102 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Ares Management by 5.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,694 shares of the asset manager’s stock valued at $320,000 after purchasing an additional 136 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Ares Management by 76.7% in the fourth quarter. Lindbrook Capital LLC now owns 318 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 138 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Ares Management by 18.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,183 shares of the asset manager’s stock valued at $141,000 after purchasing an additional 183 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Stock Performance

Shares of NYSE:ARES traded up $1.26 during midday trading on Friday, hitting $146.01. The company had a trading volume of 615,199 shares, compared to its average volume of 1,322,047. Ares Management Co. has a 12-month low of $82.89 and a 12-month high of $150.12. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $45.24 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 1.19 and a beta of 1.17. The company has a fifty day moving average of $136.01 and a two-hundred day moving average of $125.85.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). The business had revenue of $707.36 million during the quarter, compared to analysts’ expectations of $814.88 million. Ares Management had a return on equity of 21.22% and a net margin of 12.86%. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities research analysts expect that Ares Management Co. will post 4.24 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.55%. Ares Management’s payout ratio is 166.82%.

Analyst Ratings Changes

Several research firms recently issued reports on ARES. Wells Fargo & Company lifted their price objective on Ares Management from $112.00 to $126.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. UBS Group lifted their price target on Ares Management from $156.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. TD Cowen boosted their target price on Ares Management from $154.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group lowered their target price on Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, JMP Securities restated a “market perform” rating on shares of Ares Management in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $130.15.

Insider Activity at Ares Management

In related news, CEO Michael J. Arougheti sold 74,585 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $132.97, for a total value of $9,917,567.45. Following the completion of the transaction, the chief executive officer now owns 1,375,000 shares of the company’s stock, valued at approximately $182,833,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael J. Arougheti sold 74,585 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $132.97, for a total value of $9,917,567.45. Following the completion of the transaction, the chief executive officer now owns 1,375,000 shares of the company’s stock, valued at approximately $182,833,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Arougheti sold 157,837 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $148.22, for a total transaction of $23,394,600.14. Following the completion of the transaction, the chief executive officer now directly owns 92,163 shares of the company’s stock, valued at approximately $13,660,399.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,488,844 shares of company stock valued at $200,239,222. Insiders own 1.20% of the company’s stock.

Ares Management Company 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.