BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Holdings in Ares Management Co. (NYSE:ARES)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Ares Management Co. (NYSE:ARES - Free Report) by 57.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,471 shares of the asset manager's stock after purchasing an additional 4,189 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Ares Management were worth $1,529,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Dai ichi Life Insurance Company Ltd increased its position in Ares Management by 49.2% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 19,949 shares of the asset manager's stock valued at $2,372,000 after acquiring an additional 6,576 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of Ares Management during the 4th quarter worth about $1,100,000. Westpac Banking Corp acquired a new stake in Ares Management during the 4th quarter worth $2,421,000. EP Wealth Advisors LLC raised its holdings in shares of Ares Management by 32.5% during the first quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager's stock worth $2,705,000 after acquiring an additional 4,996 shares during the period. Finally, Norden Group LLC boosted its position in shares of Ares Management by 2,695.3% during the first quarter. Norden Group LLC now owns 70,414 shares of the asset manager's stock worth $9,364,000 after buying an additional 67,895 shares during the period. Institutional investors own 50.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on ARES shares. Redburn Atlantic initiated coverage on Ares Management in a research note on Tuesday, August 27th. They issued a "neutral" rating and a $140.00 target price on the stock. Jefferies Financial Group lowered their price target on Ares Management from $131.00 to $127.00 and set a "hold" rating on the stock in a research report on Thursday, May 9th. TD Cowen increased their price objective on Ares Management from $158.00 to $162.00 and gave the company a "buy" rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Ares Management from $141.00 to $143.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Ares Management from $134.00 to $133.00 and set a "hold" rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Ares Management currently has a consensus rating of "Hold" and an average target price of $138.92.

Ares Management Stock Up 1.4 %

Shares of ARES traded up $2.05 during trading hours on Monday, reaching $146.40. 1,607,400 shares of the stock traded hands, compared to its average volume of 1,137,820. The stock has a fifty day simple moving average of $142.32 and a 200 day simple moving average of $138.00. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. Ares Management Co. has a 52 week low of $96.00 and a 52 week high of $155.53. The company has a market cap of $45.36 billion, a price-to-earnings ratio of 65.65, a PEG ratio of 1.38 and a beta of 1.22.

Ares Management (NYSE:ARES - Get Free Report) last issued its earnings results on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same quarter last year, the company earned $0.90 EPS. On average, equities analysts forecast that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.72 annualized dividend and a dividend yield of 2.54%. Ares Management's payout ratio is currently 166.82%.

Insider Buying and Selling

In other news, insider R. Kipp Deveer sold 41,676 shares of the business's stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $150.21, for a total transaction of $6,260,151.96. Following the completion of the transaction, the insider now owns 1,075,000 shares of the company's stock, valued at $161,475,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider R. Kipp Deveer sold 41,676 shares of the firm's stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $150.21, for a total transaction of $6,260,151.96. Following the sale, the insider now owns 1,075,000 shares in the company, valued at approximately $161,475,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David B. Kaplan sold 125,000 shares of the company's stock in a transaction on Friday, June 21st. The stock was sold at an average price of $131.94, for a total transaction of $16,492,500.00. The disclosure for this sale can be found here. Insiders sold a total of 688,653 shares of company stock worth $96,639,724 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

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.