Nomura Asset Management Co. Ltd. Has $14.35 Million Stock Position in Ares Management Co. (NYSE:ARES)

Nomura Asset Management Co. Ltd. boosted its position in shares of Ares Management Co. (NYSE:ARES - Free Report) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,101 shares of the asset manager's stock after purchasing an additional 4,990 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Ares Management were worth $14,353,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Ares Management by 58.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager's stock valued at $674,183,000 after purchasing an additional 1,867,933 shares during the period. Lone Pine Capital LLC acquired a new position in shares of Ares Management in the second quarter valued at approximately $209,884,000. Millennium Management LLC increased its position in shares of Ares Management by 722.6% during the second quarter. Millennium Management LLC now owns 1,738,148 shares of the asset manager's stock worth $231,660,000 after acquiring an additional 1,526,856 shares in the last quarter. LRI Investments LLC raised its holdings in shares of Ares Management by 49.4% during the second quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager's stock worth $376,191,000 after acquiring an additional 933,664 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Ares Management by 31.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,849,737 shares of the asset manager's stock valued at $444,103,000 after acquiring an additional 678,549 shares in the last quarter. Institutional investors own 50.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Ares Management from $146.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Royal Bank of Canada increased their price objective on Ares Management from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. StockNews.com cut Ares Management from a "hold" rating to a "sell" rating in a research note on Wednesday. UBS Group raised their price target on shares of Ares Management from $158.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Ares Management from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. One equities research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $169.64.

Ares Management Stock Performance

NYSE ARES traded up $0.29 on Thursday, hitting $182.74. 1,271,141 shares of the stock were exchanged, compared to its average volume of 1,159,954. The business's fifty day moving average is $169.17 and its 200 day moving average is $152.17. Ares Management Co. has a 52 week low of $112.03 and a 52 week high of $184.47. The company has a market capitalization of $57.21 billion, a PE ratio of 83.97, a P/E/G ratio of 1.94 and a beta of 1.19. 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 - Get Free Report) last issued its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $0.83 EPS. Research analysts anticipate that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.04%. Ares Management's payout ratio is 171.43%.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 20,096 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,364,874.24. Following the transaction, the chief executive officer now directly owns 229,904 shares of the company's stock, valued at $38,495,125.76. This represents a 8.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Berry sold 12,500 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $148.42, for a total value of $1,855,250.00. Following the sale, the insider now owns 414,202 shares of the company's stock, valued at approximately $61,475,860.84. This represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 644,810 shares of company stock worth $111,116,340. 1.20% of the stock is owned by company 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.