Ares Management Co. (NYSE:ARES) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in Ares Management Co. (NYSE:ARES - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,213 shares of the asset manager's stock after purchasing an additional 2,580 shares during the period. Quantbot Technologies LP's holdings in Ares Management were worth $3,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Ares Management by 67.0% in the 4th quarter. Versant Capital Management Inc now owns 162 shares of the asset manager's stock valued at $29,000 after buying an additional 65 shares during the period. Point72 DIFC Ltd purchased a new position in Ares Management in the third quarter worth $36,000. Noble Wealth Management PBC acquired a new stake in Ares Management in the fourth quarter valued at $36,000. GAMMA Investing LLC boosted its position in shares of Ares Management by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 227 shares of the asset manager's stock worth $40,000 after purchasing an additional 79 shares in the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Ares Management during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 50.03% of the company's stock.

Ares Management Price Performance

Ares Management stock traded down $1.94 during midday trading on Wednesday, reaching $153.69. 2,110,393 shares of the company were exchanged, compared to its average volume of 1,232,971. The firm's 50-day simple moving average is $174.42 and its 200-day simple moving average is $170.48. Ares Management Co. has a 1 year low of $125.23 and a 1 year high of $200.49. The company has a market capitalization of $48.47 billion, a price-to-earnings ratio of 75.71, a P/E/G ratio of 1.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

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Ares Management (NYSE:ARES - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 16.64% and a net margin of 11.35%. On average, analysts anticipate that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $1.12 dividend. The ex-dividend date is Monday, March 17th. This is an increase from Ares Management's previous quarterly dividend of $0.93. This represents a $4.48 annualized dividend and a yield of 2.92%. Ares Management's payout ratio is 183.25%.

Analysts Set New Price Targets

Several brokerages recently commented on ARES. Wells Fargo & Company reduced their price objective on shares of Ares Management from $215.00 to $187.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. StockNews.com downgraded shares of Ares Management from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded Ares Management from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $166.00 to $202.00 in a report on Friday, December 20th. Barclays dropped their price objective on Ares Management from $224.00 to $217.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Finally, JMP Securities reiterated a "market perform" rating on shares of Ares Management in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.83.

Insiders Place Their Bets

In related news, insider R. Kipp Deveer sold 78,933 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $190.02, for a total value of $14,998,848.66. Following the completion of the transaction, the insider now directly owns 1,150,000 shares in the company, valued at approximately $218,523,000. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Bennett Rosenthal sold 69,809 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $161.01, for a total value of $11,239,947.09. Following the completion of the sale, the chairman now directly owns 30,191 shares in the company, valued at approximately $4,861,052.91. The trade was a 69.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 218,268 shares of company stock valued at $37,431,786 in the last quarter. 1.20% of the stock is currently owned by company insiders.

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.