Ares Management Co. (NYSE:ARES) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in Ares Management Co. (NYSE:ARES) by 24.7% in the third quarter, HoldingsChannel.com reports. The firm owned 2,237 shares of the asset manager’s stock after acquiring an additional 443 shares during the period. Coldstream Capital Management Inc.’s holdings in Ares Management were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in shares of Ares Management by 6.5% in the 3rd quarter. Victory Capital Management Inc. now owns 65,417 shares of the asset manager’s stock valued at $10,195,000 after buying an additional 4,000 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ares Management by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 682,985 shares of the asset manager’s stock valued at $106,436,000 after acquiring an additional 36,476 shares during the period. GSA Capital Partners LLP acquired a new position in Ares Management in the third quarter valued at approximately $900,000. BNP Paribas grew its holdings in shares of Ares Management by 13.0% during the third quarter. BNP Paribas now owns 40,342 shares of the asset manager’s stock valued at $6,319,000 after purchasing an additional 4,643 shares during the last quarter. Finally, Retireful LLC acquired a new stake in shares of Ares Management during the 2nd quarter worth approximately $696,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Down 0.2 %

ARES opened at $182.45 on Monday. The stock’s fifty day moving average is $170.12 and its 200-day moving average is $152.76. Ares Management Co. has a one year low of $112.83 and a one year high of $185.06. The company has a market capitalization of $57.12 billion, a PE ratio of 84.08, a P/E/G ratio of 1.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

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, beating 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 during the quarter, compared to analyst estimates of $833.58 million. During the same quarter last year, the firm posted $0.83 EPS. On average, equities analysts predict that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 2.04%. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Insider Buying and Selling at Ares Management

In other news, Chairman Bennett Rosenthal sold 20,048 shares of Ares Management stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,356,837.12. Following the transaction, the chairman now directly owns 229,952 shares of the company’s stock, valued at $38,503,162.88. This trade represents a 8.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan Berry sold 14,357 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total transaction of $2,586,557.12. Following the completion of the sale, the insider now owns 233,214 shares of the company’s stock, valued at approximately $42,015,834.24. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 646,667 shares of company stock valued at $111,847,647. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ARES shares. Wells Fargo & Company upgraded Ares Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $176.00 to $212.00 in a research report on Thursday. TD Cowen boosted their price target on shares of Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley increased their price objective on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. UBS Group boosted their target price on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price target on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $169.64.

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.