Ares Management Co. (NYSE:ARES) is Northern Right Capital Management L.P.'s 5th Largest Position

Northern Right Capital Management L.P. trimmed its stake in Ares Management Co. (NYSE:ARES - Free Report) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,269 shares of the asset manager's stock after selling 28,171 shares during the quarter. Ares Management comprises about 6.8% of Northern Right Capital Management L.P.'s holdings, making the stock its 5th biggest position. Northern Right Capital Management L.P.'s holdings in Ares Management were worth $18,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARES. Lord Abbett & CO. LLC raised its holdings in shares of Ares Management by 443.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 383,209 shares of the asset manager's stock valued at $67,839,000 after purchasing an additional 312,742 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Ares Management in the 4th quarter worth about $1,030,000. Burling Wealth Partners LLC bought a new stake in shares of Ares Management during the fourth quarter valued at about $2,718,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Ares Management by 415.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 232,000 shares of the asset manager's stock worth $41,071,000 after buying an additional 187,000 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new position in shares of Ares Management in the fourth quarter valued at approximately $328,000. Institutional investors own 50.03% of the company's stock.

Ares Management Stock Down 0.3 %

Shares of NYSE:ARES traded down $0.48 during midday trading on Tuesday, reaching $152.90. The company's stock had a trading volume of 1,146,280 shares, compared to its average volume of 1,398,546. Ares Management Co. has a 12-month low of $110.63 and a 12-month 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. The firm has a 50 day moving average of $148.38 and a 200-day moving average of $168.02. The firm has a market capitalization of $48.23 billion, a P/E ratio of 75.32, a PEG ratio of 1.28 and a beta of 1.32.

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 the consensus estimate 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, research analysts anticipate that Ares Management Co. will post 5.28 earnings per share for the current 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 given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.93%. This is a boost from Ares Management's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, March 17th. Ares Management's dividend payout ratio (DPR) is presently 183.25%.

Wall Street Analyst Weigh In

ARES has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Ares Management from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley cut their target price on shares of Ares Management from $197.00 to $152.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citizens Jmp upgraded Ares Management from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research report on Tuesday, April 8th. Bank of America decreased their price objective 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, Wells Fargo & Company cut their target price on Ares Management from $187.00 to $156.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $165.00.

Insider Activity

In related news, Chairman Bennett Rosenthal sold 69,809 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $161.01, for a total transaction of $11,239,947.09. Following the completion of the sale, the chairman now owns 30,191 shares in the company, valued at approximately $4,861,052.91. This trade represents a 69.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $14,998,848.66. Following the completion of 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 sold 329,113 shares of company stock valued at $54,409,915 in the last quarter. 0.52% of the stock is currently owned by insiders.

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.