Ares Management Co. (NYSE:ARES) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its stake in Ares Management Co. (NYSE:ARES) by 31.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,633 shares of the asset manager’s stock after selling 8,517 shares during the quarter. Quantbot Technologies LP’s holdings in Ares Management were worth $2,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new position in Ares Management during the third quarter worth about $39,000. West Oak Capital LLC grew its position in Ares Management by 40.0% in the second 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 period. Key Financial Inc purchased a new stake in Ares Management in the second quarter valued at $53,000. Industrial Alliance Investment Management Inc. grew its holdings in shares of Ares Management by 80.4% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock worth $60,000 after purchasing an additional 201 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Ares Management in the 2nd quarter valued at about $78,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Buying and Selling

In other Ares Management news, Chairman Bennett Rosenthal sold 26,579 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.66, for a total transaction of $3,791,760.14. Following the transaction, the chairman now owns 75,000 shares in the company, valued at approximately $10,699,500. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.00, for a total value of $292,425.00. Following the transaction, the insider now directly owns 253,214 shares in the company, valued at $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 631,855 shares of company stock valued at $101,967,913 over the last three months. 41.89% of the stock is currently owned by company insiders.

Ares Management Stock Down 2.3 %

ARES opened at $174.78 on Thursday. Ares Management Co. has a one year low of $107.69 and a one year high of $180.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $54.72 billion, a P/E ratio of 80.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.20. The business’s 50-day simple moving average is $165.19 and its 200-day simple moving average is $149.96.

Ares Management (NYSE:ARES) last issued its quarterly earnings data 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 net margin of 12.51% and a return on equity of 19.89%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $833.58 million. During the same period last year, the firm posted $0.83 EPS. Analysts anticipate that Ares Management Co. will post 4.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ARES shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. TD Cowen raised their price target on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price objective on Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their target price on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Redburn Atlantic started coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.36.

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.