Silvant Capital Management LLC Makes New Investment in Ares Management Co. (NYSE:ARES)

Silvant Capital Management LLC purchased a new position in shares of Ares Management Co. (NYSE:ARES) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,755 shares of the asset manager’s stock, valued at approximately $5,105,000.

A number of other hedge funds have also recently made changes to their positions in ARES. Chicago Partners Investment Group LLC raised its position in Ares Management by 1.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock worth $1,070,000 after purchasing an additional 89 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Ares Management by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after buying an additional 95 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after acquiring an additional 97 shares during the period. West Oak Capital LLC grew its position in Ares Management by 40.0% during the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Ares Management by 10.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,073 shares of the asset manager’s stock worth $143,000 after purchasing an additional 105 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Insider Activity at Ares Management

In related news, insider David B. Kaplan sold 27,068 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $145.67, for a total value of $3,942,995.56. Following the transaction, the insider now owns 222,932 shares in the company, valued at $32,474,504.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider David B. Kaplan sold 10,450 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $144.46, for a total transaction of $1,509,607.00. Following the transaction, the insider now directly owns 191,334 shares of the company’s stock, valued at $27,640,109.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David B. Kaplan sold 27,068 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $145.67, for a total value of $3,942,995.56. Following the sale, the insider now directly owns 222,932 shares in the company, valued at $32,474,504.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 622,640 shares of company stock valued at $91,378,848 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ARES has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on Ares Management from $156.00 to $172.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. TD Cowen raised their price target on shares of Ares Management from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Redburn Atlantic initiated coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their target price on Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th. Finally, Royal Bank of Canada upped their price target on Ares Management from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average target price of $159.18.

Ares Management Price Performance

Shares of ARES stock opened at $161.87 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market cap of $50.66 billion, a price-to-earnings ratio of 84.50, a PEG ratio of 1.62 and a beta of 1.22. The business’s fifty day moving average is $155.87 and its 200 day moving average is $145.35. Ares Management Co. has a twelve month low of $101.44 and a twelve month high of $171.78.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. The company had revenue of $788.68 million during the quarter, compared to analysts’ expectations of $860.09 million. During the same period last year, the company posted $0.90 EPS. Research analysts expect that Ares Management Co. will post 4.11 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.30%. Ares Management’s payout ratio is currently 193.75%.

Ares Management 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.