Landscape Capital Management L.L.C. Has $888,000 Stake in Ares Management Co. (NYSE:ARES)

Landscape Capital Management L.L.C. lessened its stake in shares of Ares Management Co. (NYSE:ARES - Free Report) by 43.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,015 shares of the asset manager's stock after selling 3,903 shares during the period. Landscape Capital Management L.L.C.'s holdings in Ares Management were worth $888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Ares Management by 67.0% during the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager's stock valued at $29,000 after buying an additional 65 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Ares Management during the third quarter valued at approximately $36,000. Noble Wealth Management PBC bought a new stake in shares of Ares Management in the 4th quarter valued at approximately $36,000. GAMMA Investing LLC raised its holdings in shares of Ares Management by 53.4% in the 4th 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 position in shares of Ares Management in the 4th quarter worth approximately $53,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on ARES shares. The Goldman Sachs Group lowered their price target on Ares Management from $188.00 to $166.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays reduced their price target on shares of Ares Management from $217.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday. Citizens Jmp upgraded shares of Ares Management from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a research note on Tuesday. Bank of America reduced their target price on Ares Management from $221.00 to $201.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, JMP Securities raised Ares Management from a "market perform" rating to a "market outperform" rating and set a $165.00 price target for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.07.

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Insider Transactions at Ares Management

In related news, CEO Michael J. Arougheti sold 110,845 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $153.17, for a total value of $16,978,128.65. Following the completion of the transaction, the chief executive officer now directly owns 1,400,000 shares in the company, valued at approximately $214,438,000. The trade was a 7.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Kipp Deveer sold 78,933 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was 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 in the company, valued at $218,523,000. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 329,113 shares of company stock valued at $54,409,915 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Ares Management Trading Up 1.6 %

Shares of NYSE ARES traded up $2.12 during mid-day trading on Friday, hitting $137.89. The company's stock had a trading volume of 3,184,457 shares, compared to its average volume of 1,372,277. Ares Management Co. has a one year low of $110.63 and a one year high of $200.49. The stock has a market cap of $43.49 billion, a price-to-earnings ratio of 67.93, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The company's fifty day simple moving average is $157.85 and its 200-day simple moving average is $168.97.

Ares Management (NYSE:ARES - Get Free Report) last issued 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 16.64% and a net margin of 11.35%. On average, sell-side analysts anticipate that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $1.12 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Ares Management's previous quarterly dividend of $0.93. This represents a $4.48 annualized dividend and a yield of 3.25%. Ares Management's dividend payout ratio (DPR) is 183.25%.

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.