14,954 Shares in Ares Management Co. (NYSE:ARES) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in shares of Ares Management Co. (NYSE:ARES - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,954 shares of the asset manager's stock, valued at approximately $1,993,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC increased its position in shares of Ares Management by 199.7% in the second quarter. Curated Wealth Partners LLC now owns 1,658,217 shares of the asset manager's stock valued at $221,007,000 after buying an additional 3,321,434 shares in the last quarter. LRI Investments LLC acquired a new position in Ares Management during the first quarter worth $264,729,000. Norges Bank acquired a new position in Ares Management during the fourth quarter worth $205,499,000. M&G Plc grew its position in shares of Ares Management by 711.1% in the second quarter. M&G Plc now owns 1,015,009 shares of the asset manager's stock valued at $134,996,000 after purchasing an additional 889,872 shares during the period. Finally, Corient Private Wealth LLC grew its position in shares of Ares Management by 216.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,253,644 shares of the asset manager's stock valued at $149,083,000 after purchasing an additional 857,245 shares during the period. Institutional investors and hedge funds own 50.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Ares Management from $131.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, May 9th. UBS Group lowered their price objective on shares of Ares Management from $160.00 to $158.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Ares Management from $134.00 to $133.00 and set a "hold" rating for the company in a research report on Thursday, August 15th. Redburn Atlantic initiated coverage on Ares Management in a report on Tuesday. They set a "neutral" rating and a $140.00 target price for the company. Finally, Barclays increased their price target on shares of Ares Management from $151.00 to $155.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Ares Management has a consensus rating of "Hold" and a consensus target price of $138.92.

Insiders Place Their Bets

In related news, CEO Michael J. Arougheti sold 27,120 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,950,570.40. Following the completion of the sale, the chief executive officer now directly owns 222,880 shares of the company's stock, valued at approximately $32,466,929.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael J. Arougheti sold 27,120 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total transaction of $3,950,570.40. Following the completion of the transaction, the chief executive officer now directly owns 222,880 shares of the company's stock, valued at approximately $32,466,929.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Bennett Rosenthal sold 150,000 shares of Ares Management stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $131.94, for a total value of $19,791,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 703,312 shares of company stock valued at $98,664,278. 1.20% of the stock is currently owned by insiders.

Ares Management Stock Up 1.4 %

Shares of NYSE:ARES traded up $2.05 during trading hours on Friday, reaching $146.40. The stock had a trading volume of 1,607,467 shares, compared to its average volume of 1,137,820. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 65.65, a P/E/G ratio of 1.29 and a beta of 1.22. The firm's 50 day moving average is $142.32 and its 200-day moving average is $137.97. Ares Management Co. has a 1 year low of $96.00 and a 1 year high of $155.53. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.03.

Ares Management (NYSE:ARES - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $788.68 million for the quarter, compared to analysts' expectations of $860.09 million. Ares Management had a return on equity of 21.22% and a net margin of 12.86%. During the same period last year, the firm earned $0.90 earnings per share. Research analysts predict that Ares Management Co. will post 4.23 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a yield of 2.54%. Ares Management's dividend payout ratio (DPR) is presently 166.82%.

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.