Ares Management Co. (NYSE:ARES) Shares Sold by Avitas Wealth Management LLC

Avitas Wealth Management LLC reduced its position in shares of Ares Management Co. (NYSE:ARES) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289 shares of the asset manager’s stock after selling 174 shares during the period. Avitas Wealth Management LLC’s holdings in Ares Management were worth $357,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC lifted its position in shares of Ares Management by 32.5% during the first quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock worth $2,705,000 after purchasing an additional 4,996 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Ares Management by 17.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 397,285 shares of the asset manager’s stock valued at $52,831,000 after acquiring an additional 59,668 shares in the last quarter. FORA Capital LLC acquired a new stake in Ares Management in the first quarter valued at $3,434,000. Vaughan Nelson Investment Management L.P. raised its holdings in Ares Management by 24.6% in the second 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. Finally, Forsta AP Fonden raised its holdings in Ares Management by 20.4% in the first quarter. Forsta AP Fonden now owns 39,000 shares of the asset manager’s stock valued at $5,186,000 after acquiring an additional 6,600 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ares Management

In related news, insider Ryan Berry sold 40,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $167.99, for a total value of $6,719,600.00. Following the completion of the transaction, the insider now owns 304,202 shares in the company, valued at $51,102,893.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Ryan Berry sold 40,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $167.99, for a total value of $6,719,600.00. Following the completion of the transaction, the insider now owns 304,202 shares in the company, valued at $51,102,893.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Bennett Rosenthal sold 27,172 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now owns 222,828 shares of the company’s stock, valued at $32,459,354.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 622,640 shares of company stock worth $91,378,848. Insiders own 1.20% of the company’s stock.

Ares Management Stock Down 0.9 %

Ares Management stock opened at $168.92 on Thursday. The company has a 50-day simple moving average of $155.08 and a 200-day simple moving average of $144.97. The firm has a market capitalization of $52.33 billion, a P/E ratio of 75.75, a P/E/G ratio of 1.48 and a beta of 1.22. 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 Co. has a one year low of $96.00 and a one year high of $171.78.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $788.68 million during the quarter, compared to analyst estimates of $860.09 million. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. During the same quarter in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts expect that Ares Management Co. will post 4.16 earnings per share for the current year.

Ares Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.72 annualized dividend and a dividend yield of 2.20%. Ares Management’s dividend payout ratio is currently 166.82%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. Wells Fargo & Company upped their price target on shares of Ares Management from $156.00 to $172.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Barclays upped their price target on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 7th. UBS Group upped their price target on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a report on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.18.

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.