Ares Management Co. (NYSE:ARES) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its position in shares of Ares Management Co. (NYSE:ARES - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,159,021 shares of the asset manager's stock after selling 16,858 shares during the quarter. Corient Private Wealth LLC owned 0.37% of Ares Management worth $204,194,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake 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 worth $29,000 after buying an additional 65 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Ares Management during the 3rd quarter worth approximately $36,000. Noble Wealth Management PBC purchased a new position in shares of Ares Management during the 4th quarter valued at approximately $36,000. GAMMA Investing LLC boosted its holdings in Ares Management by 53.4% during the fourth quarter. GAMMA Investing LLC now owns 227 shares of the asset manager's stock worth $40,000 after buying an additional 79 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in Ares Management during the fourth quarter valued at $53,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Price Performance

ARES traded up $3.57 during trading on Wednesday, reaching $147.59. The company's stock had a trading volume of 343,293 shares, compared to its average volume of 1,205,048. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 72.63, a PEG ratio of 1.28 and a beta of 1.23. The firm has a fifty day simple moving average of $177.26 and a two-hundred day simple moving average of $170.17. Ares Management Co. has a 1 year low of $125.23 and a 1 year high of $200.49. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

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Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 16.64% and a net margin of 11.35%. As a group, analysts anticipate that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $1.12 per share. The ex-dividend date is Monday, March 17th. This is an increase from Ares Management's previous quarterly dividend of $0.93. This represents a $4.48 dividend on an annualized basis and a yield of 3.04%. Ares Management's payout ratio is 183.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Ares Management from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $166.00 to $202.00 in a research note on Friday, December 20th. StockNews.com lowered Ares Management from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Ares Management from $207.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Barclays cut their price target on shares of Ares Management from $224.00 to $217.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Ares Management in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.17.

Insider Buying and Selling at Ares Management

In other Ares Management news, Chairman Bennett Rosenthal sold 69,809 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $161.01, for a total transaction of $11,239,947.09. Following the completion of the transaction, the chairman now owns 30,191 shares of the company's stock, valued at $4,861,052.91. This trade represents a 69.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider R. Kipp Deveer sold 78,933 shares of Ares Management stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $190.02, for a total transaction of $14,998,848.66. Following the sale, the insider now owns 1,150,000 shares of the company's stock, valued at approximately $218,523,000. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,268 shares of company stock worth $37,431,786 in the last ninety days. 1.20% of the stock is owned by insiders.

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.