Ares Management Co. (NYSE:ARES) Stake Boosted by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of Ares Management Co. (NYSE:ARES) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,490 shares of the asset manager’s stock after purchasing an additional 389 shares during the quarter. Ares Management comprises 1.2% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 15th largest position. Alliance Wealth Advisors LLC UT’s holdings in Ares Management were worth $4,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of Ares Management by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock worth $1,284,773,000 after purchasing an additional 679,462 shares during the period. FMR LLC raised its holdings in shares of Ares Management by 1.0% during the 3rd quarter. FMR LLC now owns 6,301,709 shares of the asset manager’s stock valued at $982,058,000 after purchasing an additional 63,851 shares in the last quarter. State Street Corp lifted its position in shares of Ares Management by 5.1% in the third quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock worth $596,318,000 after buying an additional 187,184 shares during the last quarter. Franklin Resources Inc. boosted its position in Ares Management by 0.5% during the third quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager’s stock worth $600,830,000 after purchasing an additional 18,773 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Ares Management by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,950,451 shares of the asset manager’s stock worth $459,580,000 after acquiring an additional 175,627 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Insider Activity at Ares Management

In other 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 transaction of $3,210,874.22. Following the sale, the insider now directly owns 254,885 shares in the company, valued at $44,650,754.30. This trade represents a 6.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael J. Arougheti sold 20,096 shares of Ares Management stock in a transaction on Friday, November 15th. The shares were sold at an average price of $167.44, for a total transaction 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 trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 574,167 shares of company stock worth $99,996,647. 41.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on ARES shares. Barclays restated an “overweight” rating and issued a $224.00 target price on shares of Ares Management in a research note on Monday, January 27th. UBS Group lifted their target price on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Ares Management from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, TD Cowen lifted their target price on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $176.08.

Ares Management Trading Down 0.8 %

Shares of ARES stock opened at $196.69 on Tuesday. The business has a 50-day moving average of $182.03 and a 200 day moving average of $164.31. Ares Management Co. has a 1-year low of $123.85 and a 1-year high of $199.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $61.57 billion, a PE ratio of 90.64, a P/E/G ratio of 1.50 and a beta of 1.18.

Ares Management (NYSE:ARES) last released its quarterly earnings results 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 return on equity of 19.89% and a net margin of 12.51%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.58 million. During the same period in the prior year, the firm earned $0.83 EPS. As a group, sell-side analysts anticipate that Ares Management Co. will post 4.04 earnings per share for the current year.

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.