Vulcan Value Partners LLC Has $152.64 Million Stock Holdings in Ares Management Co. (NYSE:ARES)

Vulcan Value Partners LLC lowered its stake in Ares Management Co. (NYSE:ARES - Free Report) by 15.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,143,671 shares of the asset manager's stock after selling 213,398 shares during the period. Ares Management makes up 2.3% of Vulcan Value Partners LLC's portfolio, making the stock its 18th largest holding. Vulcan Value Partners LLC owned 0.37% of Ares Management worth $152,638,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Ares Management in the fourth quarter valued at approximately $1,100,000. EP Wealth Advisors LLC lifted its position in 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 purchasing an additional 4,996 shares during the period. Norden Group LLC grew its stake in 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Ares Management by 17.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 397,285 shares of the asset manager's stock valued at $52,831,000 after buying an additional 59,668 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Ares Management in the 1st quarter valued at approximately $3,434,000. 50.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Ryan Berry sold 57,500 shares of the 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 completion of the sale, the insider now owns 456,702 shares of the company's stock, valued at $64,276,239.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider R. Kipp Deveer sold 41,676 shares of the business's stock in a transaction 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 in the company, valued at $161,475,750. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ryan Berry sold 57,500 shares of the 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 sale, the insider now owns 456,702 shares of the company's stock, valued at $64,276,239.48. The disclosure for this sale can be found here. Insiders sold a total of 604,316 shares of company stock valued at $87,718,000 in the last three months. Insiders own 1.20% of the company's stock.

Ares Management Trading Up 0.6 %

Shares of NYSE:ARES traded up $0.86 during midday trading on Friday, hitting $156.91. 513,264 shares of the stock were exchanged, compared to its average volume of 1,111,909. The business's 50-day moving average price is $146.06 and its 200 day moving average price is $140.04. Ares Management Co. has a 12 month low of $96.00 and a 12 month high of $159.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $48.61 billion, a price-to-earnings ratio of 70.36, a P/E/G ratio of 1.47 and a beta of 1.21.

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

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.93 dividend. The ex-dividend date is Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a yield of 2.37%. Ares Management's payout ratio is 166.82%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ARES shares. UBS Group reduced their price target on shares of Ares Management from $160.00 to $158.00 and set a "buy" rating on the stock in a research report on Wednesday, July 10th. Redburn Atlantic assumed coverage on Ares Management in a report on Tuesday, August 27th. They issued a "neutral" rating and a $140.00 target price on the stock. Wells Fargo & Company assumed 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. TD Cowen upped their price objective on Ares Management from $158.00 to $162.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Ares Management from $134.00 to $133.00 and set a "hold" rating on the stock in a research report on Thursday, August 15th. One research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $141.42.

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.