MassMutual Private Wealth & Trust FSB Has $203,000 Stock Holdings in Ares Management Co. (NYSE:ARES)

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ares Management Co. (NYSE:ARES) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,147 shares of the asset manager’s stock after buying an additional 67 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Ares Management were worth $203,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its position in Ares Management by 67.0% in the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 65 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Ares Management by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 79 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Ares Management during the 3rd quarter worth approximately $36,000. Eastern Bank bought a new position in Ares Management in the 3rd quarter valued at approximately $39,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Ares Management by 21.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after buying an additional 97 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ARES shares. Wells Fargo & Company lowered their price target on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. UBS Group boosted their price target on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Barclays boosted their target price on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.92.

Ares Management Price Performance

Shares of NYSE ARES opened at $193.79 on Thursday. The company has a market capitalization of $60.67 billion, a PE ratio of 89.30, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a twelve month low of $116.86 and a twelve month high of $196.76. The firm has a fifty day simple moving average of $178.09 and a 200 day simple moving average of $161.28.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. During the same period last year, the company posted $0.83 EPS. On average, sell-side analysts forecast that Ares Management Co. will post 4.06 EPS for the current year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.92%. The ex-dividend date was Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 20,096 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $167.44, for a total value of $3,364,874.24. Following the transaction, the chief executive officer now owns 229,904 shares in the company, valued at approximately $38,495,125.76. This represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan Berry sold 1,671 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.00. Following the sale, the insider now owns 253,214 shares of the company’s stock, valued at approximately $44,312,450. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 574,167 shares of company stock valued at $99,996,647 in the last quarter. 41.89% of the stock is currently 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.