Impact Partnership Wealth LLC Invests $513,000 in Ares Management Co. (NYSE:ARES)

Impact Partnership Wealth LLC purchased a new stake in Ares Management Co. (NYSE:ARES) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,898 shares of the asset manager’s stock, valued at approximately $513,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Ares Management by 67.0% in the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 65 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Ares Management in the third quarter valued at approximately $36,000. Eastern Bank acquired a new stake in Ares Management during the 3rd quarter worth approximately $39,000. GAMMA Investing LLC grew its stake in shares of Ares Management by 53.4% in the fourth quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock worth $40,000 after acquiring an additional 79 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Ares Management by 21.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock worth $87,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Performance

NYSE:ARES opened at $195.74 on Friday. The firm’s fifty day simple moving average is $178.62 and its 200 day simple moving average is $161.51. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a twelve month low of $116.86 and a twelve month high of $196.76. The firm has a market capitalization of $61.28 billion, a price-to-earnings ratio of 90.20, a PEG ratio of 1.46 and a beta of 1.18.

Ares Management (NYSE:ARES) last posted 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. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same period in the previous year, the business earned $0.83 EPS. As a group, equities research analysts expect that Ares Management Co. will post 4.05 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, December 17th. Ares Management’s payout ratio is currently 171.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company lowered their target price on Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley lifted their price objective on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, UBS Group lifted their price target on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.92.

Insider Activity

In other Ares Management news, insider Ryan Berry sold 18,329 shares of the 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 of the company’s stock, valued at approximately $44,650,754.30. This represents a 6.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Kipp Deveer sold 115,838 shares of the 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 completion of the transaction, the insider now owns 1,259,162 shares of the company’s stock, valued at $223,916,778.46. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 574,167 shares of company stock worth $99,996,647. 1.20% of the stock is currently owned by corporate insiders.

Ares Management Company 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.