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

Corient Private Wealth LLC lowered its stake in shares of Ares Management Co. (NYSE:ARES - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,159,021 shares of the asset manager's stock after selling 16,858 shares during the quarter. Corient Private Wealth LLC owned about 0.37% of Ares Management worth $204,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Avalon Trust Co acquired a new stake in Ares Management in the fourth quarter worth about $53,000. Natixis Advisors LLC boosted its holdings in Ares Management by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 41,757 shares of the asset manager's stock worth $7,393,000 after acquiring an additional 2,156 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Ares Management by 1.4% in the fourth quarter. Frank Rimerman Advisors LLC now owns 4,775 shares of the asset manager's stock worth $845,000 after acquiring an additional 65 shares in the last quarter. Renasant Bank lifted its holdings in shares of Ares Management by 37.3% during the fourth quarter. Renasant Bank now owns 4,313 shares of the asset manager's stock worth $764,000 after purchasing an additional 1,171 shares during the period. Finally, Parnassus Investments LLC lifted its holdings in shares of Ares Management by 7.9% during the fourth quarter. Parnassus Investments LLC now owns 7,730 shares of the asset manager's stock worth $1,368,000 after purchasing an additional 564 shares during the period. Institutional investors own 50.03% of the company's stock.

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Analyst Upgrades and Downgrades

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

Ares Management Price Performance

Shares of Ares Management stock traded down $3.15 on Tuesday, reaching $143.96. The company's stock had a trading volume of 1,243,718 shares, compared to its average volume of 1,208,868. The company has a market capitalization of $45.41 billion, a P/E ratio of 70.92, a PEG ratio of 1.28 and a beta of 1.23. Ares Management Co. has a 52-week low of $125.23 and a 52-week high of $200.49. The stock has a 50-day moving average price of $177.96 and a 200-day moving average price of $170.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

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

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $1.12 dividend. The ex-dividend date is Monday, March 17th. This is a positive change from Ares Management's previous quarterly dividend of $0.93. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.11%. Ares Management's payout ratio is currently 183.25%.

Insider Transactions at Ares Management

In related news, Director Ashish Bhutani acquired 10,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $141.33 per share, with a total value of $1,413,300.00. Following the completion of the purchase, the director now owns 22,905 shares of the company's stock, valued at approximately $3,237,163.65. This represents a 77.49 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Kipp Deveer sold 78,933 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $190.02, for a total value of $14,998,848.66. Following the transaction, the insider now directly owns 1,150,000 shares in the company, valued at $218,523,000. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,268 shares of company stock valued at $37,431,786 over the last ninety days. Insiders own 1.20% of the company's stock.

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.