Caldwell Investment Management Ltd. Lowers Stock Position in Ares Management Co. (NYSE:ARES)

Caldwell Investment Management Ltd. decreased its position in Ares Management Co. (NYSE:ARES) by 30.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,400 shares of the asset manager’s stock after selling 1,900 shares during the period. Caldwell Investment Management Ltd.’s holdings in Ares Management were worth $690,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Eastern Bank acquired a new stake in Ares Management in the 3rd quarter valued at $39,000. West Oak Capital LLC lifted its stake in Ares Management by 40.0% in the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. Key Financial Inc acquired a new stake in Ares Management in the 2nd quarter worth about $53,000. EntryPoint Capital LLC purchased a new stake in Ares Management during the 1st quarter worth approximately $54,000. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of Ares Management by 80.4% during the second quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Up 0.2 %

Shares of NYSE ARES opened at $167.50 on Tuesday. The company has a market capitalization of $52.44 billion, a P/E ratio of 77.19, a P/E/G ratio of 1.82 and a beta of 1.20. 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 50 day simple moving average of $160.74 and a 200-day simple moving average of $148.01. Ares Management Co. has a 1 year low of $105.89 and a 1 year high of $175.74.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. During the same quarter last year, the firm earned $0.83 earnings per share. On average, equities research analysts predict that Ares Management Co. will post 4.07 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 2.22%. Ares Management’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARES. TD Cowen lifted their price target on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays lifted their target price on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. reduced their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their price target on shares of Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.36.

Insider Buying and Selling at Ares Management

In other Ares Management news, insider Ryan Berry sold 18,329 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total value of $3,210,874.22. Following the sale, the insider now owns 254,885 shares of the company’s stock, valued at $44,650,754.30. The trade was a 6.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David B. Kaplan sold 19,262 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.74, for a total value of $2,826,505.88. Following the transaction, the insider now owns 81,287 shares of the company’s stock, valued at approximately $11,928,054.38. This represents a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 530,453 shares of company stock valued at $78,577,065 over the last 90 days. 1.20% of the stock is owned by 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.