Triasima Portfolio Management inc. Raises Stake in Ares Management Co. (NYSE:ARES)

Triasima Portfolio Management inc. boosted its holdings in shares of Ares Management Co. (NYSE:ARES) by 3.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,934 shares of the asset manager’s stock after purchasing an additional 1,584 shares during the period. Ares Management makes up 1.5% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 21st largest holding. Triasima Portfolio Management inc.’s holdings in Ares Management were worth $7,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Chesley Taft & Associates LLC grew its position in Ares Management by 0.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 14,022 shares of the asset manager’s stock worth $2,482,000 after purchasing an additional 60 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in Ares Management by 2.3% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,799 shares of the asset manager’s stock worth $496,000 after purchasing an additional 64 shares during the last quarter. Versant Capital Management Inc grew its position in Ares Management by 67.0% during the 4th quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock worth $29,000 after purchasing an additional 65 shares during the last quarter. Yousif Capital Management LLC grew its position in Ares Management by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 2,352 shares of the asset manager’s stock worth $416,000 after purchasing an additional 65 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Ares Management by 6.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,147 shares of the asset manager’s stock valued at $203,000 after acquiring an additional 67 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider R. Kipp Deveer sold 115,838 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $177.83, for a total value of $20,599,471.54. Following the completion of the sale, the insider now directly owns 1,259,162 shares in the company, valued at approximately $223,916,778.46. The trade was a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Berry sold 1,671 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00. Following the completion of the sale, the insider now owns 253,214 shares of the company’s stock, valued at approximately $44,312,450. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 555,838 shares of company stock valued at $96,785,773 over the last 90 days. Insiders own 41.89% of the company’s stock.

Wall Street Analysts Forecast Growth

ARES has been the topic of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Ares Management in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted 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. Barclays lowered their target price on shares of Ares Management from $224.00 to $217.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their target price 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 equities research 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.17.

Ares Management Stock Up 0.9 %

ARES stock opened at $191.33 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. The company has a market cap of $59.90 billion, a P/E ratio of 88.17, a P/E/G ratio of 1.50 and a beta of 1.18. The company’s 50-day moving average price is $183.08 and its 200 day moving average price is $165.17. Ares Management Co. has a 52 week low of $125.23 and a 52 week high of $200.49.

Ares Management (NYSE:ARES) last announced its earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 19.89% and a net margin of 12.51%. On average, research analysts expect that Ares Management Co. will post 4.04 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.93. Ares Management’s payout ratio is currently 171.43%.

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.