XTX Topco Ltd Acquires 18,007 Shares of Ares Management Co. (NYSE:ARES)

XTX Topco Ltd grew its stake in shares of Ares Management Co. (NYSE:ARES - Free Report) by 1,104.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,638 shares of the asset manager's stock after purchasing an additional 18,007 shares during the period. XTX Topco Ltd's holdings in Ares Management were worth $2,617,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Compass Wealth Management LLC purchased a new stake in Ares Management in the first quarter worth $28,000. Riverview Trust Co bought a new position in shares of Ares Management in the 1st quarter worth about $29,000. West Oak Capital LLC lifted its position in Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager's stock valued at $33,000 after acquiring an additional 100 shares during the period. TFO Wealth Partners LLC boosted its stake in Ares Management by 29,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager's stock worth $35,000 after acquiring an additional 292 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in Ares Management by 717.6% in the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager's stock worth $37,000 after purchasing an additional 244 shares during the period. Institutional investors own 50.03% of the company's stock.

Ares Management Stock Performance

Ares Management stock traded up $4.25 during midday trading on Thursday, reaching $156.60. 1,118,757 shares of the company traded hands, compared to its average volume of 1,120,446. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. Ares Management Co. has a 12 month low of $96.00 and a 12 month high of $157.53. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 70.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The business has a 50 day moving average of $144.73 and a two-hundred day moving average of $139.12.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. The firm had revenue of $788.68 million for the quarter, compared to the consensus estimate of $860.09 million. During the same period last year, the business posted $0.90 EPS. As a group, research analysts predict that Ares Management Co. will post 4.15 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.93 per share. The ex-dividend date is Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.38%. Ares Management's dividend payout ratio is currently 166.82%.

Insider Buying and Selling at Ares Management

In other Ares Management news, insider Ryan Berry sold 57,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total value of $8,092,550.00. Following the transaction, the insider now directly owns 456,702 shares in the company, valued at $64,276,239.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ryan Berry sold 57,500 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.74, for a total value of $8,092,550.00. Following the transaction, the insider now owns 456,702 shares of the company's stock, valued at $64,276,239.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Kipp Deveer sold 41,676 shares of the business's stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $150.21, for a total value of $6,260,151.96. Following the transaction, the insider now owns 1,075,000 shares of the company's stock, valued at $161,475,750. The disclosure for this sale can be found here. Insiders sold a total of 866,816 shares of company stock worth $122,071,500 in the last three months. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Cowen boosted their price target on Ares Management from $158.00 to $162.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Barclays boosted their target price on Ares Management from $151.00 to $155.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Wells Fargo & Company began coverage on Ares Management in a report on Thursday, September 12th. They set an "equal weight" rating and a $156.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ares Management from $134.00 to $133.00 and set a "hold" rating on the stock in a research note on Thursday, August 15th. Finally, Redburn Atlantic initiated coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a "neutral" rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.42.

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.