Janus Henderson Group PLC Has $110.99 Million Holdings in Ares Management Co. (NYSE:ARES)

Janus Henderson Group PLC grew its position in shares of Ares Management Co. (NYSE:ARES) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 834,615 shares of the asset manager’s stock after buying an additional 134,842 shares during the quarter. Janus Henderson Group PLC owned approximately 0.27% of Ares Management worth $110,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dai ichi Life Insurance Company Ltd increased its holdings in Ares Management by 49.2% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 19,949 shares of the asset manager’s stock valued at $2,372,000 after purchasing an additional 6,576 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Ares Management in the fourth quarter valued at $1,100,000. Westpac Banking Corp bought a new position in shares of Ares Management in the fourth quarter valued at about $2,421,000. EP Wealth Advisors LLC grew its holdings in Ares Management by 32.5% during the 1st quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock worth $2,705,000 after acquiring an additional 4,996 shares during the last quarter. Finally, Norden Group LLC increased its position in Ares Management by 2,695.3% in the 1st quarter. Norden Group LLC now owns 70,414 shares of the asset manager’s stock valued at $9,364,000 after acquiring an additional 67,895 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARES. JPMorgan Chase & Co. increased their price target on shares of Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays upped their target price on shares of Ares Management from $150.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut shares of Ares Management from a “buy” rating to a “hold” rating and lowered their price target for the stock from $176.00 to $132.00 in a research report on Thursday, June 13th. Jefferies Financial Group lowered their target price on shares of Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $150.00 price target on shares of Ares Management in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.50.

Ares Management Stock Performance

Shares of ARES traded up $4.72 during trading hours on Wednesday, hitting $154.30. The company had a trading volume of 501,782 shares, compared to its average volume of 1,141,885. The business has a fifty day moving average of $139.94 and a 200-day moving average of $134.88. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a market cap of $47.81 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 1.25 and a beta of 1.22. Ares Management Co. has a 12 month low of $96.00 and a 12 month high of $154.69.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.13). Ares Management had a return on equity of 21.22% and a net margin of 12.86%. The company had revenue of $707.36 million for the quarter, compared to analyst estimates of $814.88 million. During the same quarter last year, the business earned $0.71 earnings per share. Equities analysts anticipate that Ares Management Co. will post 4.24 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, June 14th. Ares Management’s dividend payout ratio is currently 166.82%.

Insider Activity

In other Ares Management news, CEO Michael J. Arougheti sold 157,837 shares of Ares Management stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $148.22, for a total value of $23,394,600.14. Following the completion of the sale, the chief executive officer now owns 92,163 shares in the company, valued at approximately $13,660,399.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider R. Kipp Deveer sold 41,676 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $150.21, for a total transaction of $6,260,151.96. Following the completion of the sale, the insider now owns 1,075,000 shares of the company’s stock, valued at $161,475,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Arougheti sold 157,837 shares of the firm’s 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 in the company, valued at $13,660,399.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 702,930 shares of company stock valued at $97,948,044. 1.20% of the stock is owned by company insiders.

About Ares Management

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.