Silvant Capital Management LLC Acquires New Position in Ares Management Co. (NYSE:ARES)

Silvant Capital Management LLC acquired a new stake in shares of Ares Management Co. (NYSE:ARES - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,755 shares of the asset manager's stock, valued at approximately $5,105,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARES. J.Safra Asset Management Corp lifted its position in Ares Management by 717.6% during the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager's stock valued at $37,000 after purchasing an additional 244 shares during the period. Eastern Bank bought a new position in Ares Management during the third quarter valued at approximately $39,000. West Oak Capital LLC lifted its position in Ares Management by 40.0% during the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager's stock valued at $47,000 after purchasing an additional 100 shares during the period. Key Financial Inc bought a new position in Ares Management during the second quarter valued at approximately $53,000. Finally, EntryPoint Capital LLC bought a new position in Ares Management in the first quarter worth approximately $54,000. Institutional investors own 50.03% of the company's stock.

Wall Street Analyst Weigh In

ARES has been the topic of several recent research reports. Barclays increased their price target on shares of Ares Management from $155.00 to $174.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. TD Cowen increased their price target on shares of Ares Management from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. UBS Group increased their price target on shares of Ares Management from $158.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Ares Management from $141.00 to $143.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada raised their price objective on shares of Ares Management from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ares Management has a consensus rating of "Moderate Buy" and an average target price of $159.18.

Ares Management Price Performance

ARES traded down $5.81 during trading on Friday, hitting $161.87. 2,488,037 shares of the company traded hands, compared to its average volume of 1,151,557. The company has a market cap of $50.66 billion, a PE ratio of 84.31, a P/E/G ratio of 1.62 and a beta of 1.22. The stock's 50-day simple moving average is $155.87 and its two-hundred day simple moving average is $145.45. Ares Management Co. has a 1 year low of $101.44 and a 1 year high of $171.78. 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 (NYSE:ARES - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. The business had revenue of $788.68 million during the quarter, compared to analysts' expectations of $860.09 million. During the same period last year, the company posted $0.90 EPS. As a group, sell-side analysts anticipate that Ares Management Co. will post 4.11 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.30%. Ares Management's payout ratio is currently 193.75%.

Insiders Place Their Bets

In other Ares Management news, CEO Michael J. Arougheti sold 27,120 shares of Ares Management stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $145.67, for a total value 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 $32,466,929.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Ryan Berry sold 40,000 shares of the firm's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $167.99, for a total value of $6,719,600.00. Following the completion of the sale, the insider now owns 304,202 shares in the company, valued at approximately $51,102,893.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Arougheti sold 27,120 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 222,880 shares of the company's stock, valued at $32,466,929.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 622,640 shares of company stock valued at $91,378,848 in the last three months. Corporate insiders own 1.20% of the company's stock.

About Ares Management

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.