Premier Path Wealth Partners LLC Raises Position in Ares Management Co. (NYSE:ARES)

Premier Path Wealth Partners LLC boosted its position in Ares Management Co. (NYSE:ARES) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,799 shares of the asset manager’s stock after purchasing an additional 64 shares during the period. Premier Path Wealth Partners LLC’s holdings in Ares Management were worth $496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Ares Management by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 416,585 shares of the asset manager’s stock valued at $55,529,000 after purchasing an additional 20,724 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in Ares Management by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,430 shares of the asset manager’s stock valued at $324,000 after buying an additional 120 shares in the last quarter. Amalgamated Bank raised its holdings in Ares Management by 9.1% during the 2nd quarter. Amalgamated Bank now owns 12,050 shares of the asset manager’s stock valued at $1,606,000 after acquiring an additional 1,008 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Ares Management by 16.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,947 shares of the asset manager’s stock worth $1,592,000 after acquiring an additional 1,710 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of Ares Management by 3.4% in the second quarter. Blair William & Co. IL now owns 67,377 shares of the asset manager’s stock worth $8,980,000 after acquiring an additional 2,233 shares during the period. 50.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARES has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted 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. UBS Group increased their price target on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upgraded shares of Ares Management from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $166.00 to $202.00 in a research report on Friday, December 20th. The Goldman Sachs Group upped their target price on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. 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 report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $171.92.

Insiders Place Their Bets

In other Ares Management news, insider Ryan Berry sold 18,329 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were 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. This trade represents a 6.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Kipp Deveer sold 115,838 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the transaction, the insider now directly owns 1,259,162 shares of the company’s stock, valued at approximately $223,916,778.46. This trade represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 574,167 shares of company stock valued at $99,996,647 in the last ninety days. Company insiders own 41.89% of the company’s stock.

Ares Management Stock Up 2.0 %

Shares of NYSE ARES opened at $191.69 on Friday. The stock has a market capitalization of $60.01 billion, a P/E ratio of 88.34, a PEG ratio of 1.33 and a beta of 1.18. Ares Management Co. has a one year low of $112.83 and a one year high of $192.01. The firm’s 50 day simple moving average is $177.20 and its two-hundred day simple moving average is $160.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $833.58 million. During the same quarter last year, the company earned $0.83 EPS. As a group, analysts expect that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.93 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 1.94%. Ares Management’s payout ratio is 171.43%.

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.