1,460 Shares in Ares Management Co. (NYSE:ARES) Acquired by Jackson Square Capital LLC

Jackson Square Capital LLC bought a new stake in Ares Management Co. (NYSE:ARES - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,460 shares of the asset manager's stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC raised its position in Ares Management by 55.1% during the 4th quarter. HB Wealth Management LLC now owns 2,464 shares of the asset manager's stock worth $436,000 after buying an additional 875 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Ares Management by 2.3% in the fourth quarter. Premier Path Wealth Partners LLC now owns 2,799 shares of the asset manager's stock valued at $496,000 after purchasing an additional 64 shares during the period. Relyea Zuckerberg Hanson LLC purchased a new stake in Ares Management during the fourth quarter worth $910,000. Avanza Fonder AB acquired a new stake in Ares Management in the fourth quarter valued at $2,484,000. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Ares Management by 7.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,432 shares of the asset manager's stock valued at $1,670,000 after buying an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company's stock.

Ares Management Trading Up 2.0 %

NYSE:ARES traded up $3.79 during mid-day trading on Friday, reaching $191.69. The company's stock had a trading volume of 641,750 shares, compared to its average volume of 858,340. 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 stock has a market cap of $60.01 billion, a P/E ratio of 88.34, a P/E/G ratio of 1.33 and a beta of 1.18. The company's fifty day simple moving average is $177.20 and its two-hundred day simple moving average is $160.50. Ares Management Co. has a twelve month low of $112.83 and a twelve month high of $192.01.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $833.58 million. During the same period last year, the company earned $0.83 earnings per share. On average, equities analysts predict that Ares Management Co. will post 4.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.93 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.72 annualized dividend and a dividend yield of 1.94%. Ares Management's dividend payout ratio is presently 171.43%.

Analyst Ratings Changes

ARES has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of Ares Management from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. StockNews.com lowered Ares Management from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Morgan Stanley increased their target price on Ares Management from $136.00 to $162.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. UBS Group boosted their price target on Ares Management from $158.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Ares Management from $146.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Ares Management has an average rating of "Moderate Buy" and an average price target of $171.92.

Insider Transactions at Ares Management

In related news, insider R. Kipp Deveer sold 115,838 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the completion of the sale, the insider now owns 1,259,162 shares of the company's stock, valued at approximately $223,916,778.46. This represents a 8.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Berry sold 14,357 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total transaction of $2,586,557.12. Following the completion of the transaction, the insider now owns 233,214 shares in the company, valued at $42,015,834.24. The trade was a 5.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 574,167 shares of company stock worth $99,996,647 in the last ninety days. Insiders own 41.89% 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.