Segall Bryant & Hamill LLC Has $35.85 Million Stake in Ares Management Co. (NYSE:ARES)

Segall Bryant & Hamill LLC lifted its position in shares of Ares Management Co. (NYSE:ARES - Free Report) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,010 shares of the asset manager's stock after acquiring an additional 28,231 shares during the period. Segall Bryant & Hamill LLC owned about 0.07% of Ares Management worth $35,845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC raised its position in shares of Ares Management by 1.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager's stock valued at $1,070,000 after acquiring an additional 89 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Ares Management by 3.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager's stock worth $399,000 after buying an additional 95 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager's stock worth $87,000 after buying an additional 97 shares during the last quarter. West Oak Capital LLC grew its stake in Ares Management by 40.0% during the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager's stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Ares Management by 10.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,073 shares of the asset manager's stock worth $143,000 after buying an additional 105 shares during the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Bennett Rosenthal sold 13,533 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $145.12, for a total value of $1,963,908.96. Following the transaction, the chairman now owns 136,467 shares in the company, valued at approximately $19,804,091.04. The trade was a 9.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David B. Kaplan sold 19,262 shares of Ares Management stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.74, for a total transaction of $2,826,505.88. Following the transaction, the insider now directly owns 81,287 shares of the company's stock, valued at $11,928,054.38. This represents a 19.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 590,579 shares of company stock valued at $89,737,173 over the last quarter. 41.89% of the stock is owned by company insiders.

Ares Management Stock Performance

ARES stock traded up $1.02 during midday trading on Wednesday, reaching $171.37. 545,269 shares of the company were exchanged, compared to its average volume of 1,154,700. The firm has a market capitalization of $53.65 billion, a price-to-earnings ratio of 78.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.20. The business has a 50-day moving average price of $161.90 and a two-hundred day moving average price of $148.51. Ares Management Co. has a one year low of $105.89 and a one year high of $175.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $833.58 million. During the same period in the prior year, the company posted $0.83 earnings per share. Equities research analysts forecast that Ares Management Co. will post 4.07 EPS for the current year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.17%. Ares Management's payout ratio is presently 171.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Ares Management from $136.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Royal Bank of Canada boosted their target price on shares of Ares Management from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. TD Cowen raised their target price on shares of Ares Management from $184.00 to $187.00 and gave the stock a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group lifted their price target on Ares Management from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company lifted their target price on shares of Ares Management from $172.00 to $176.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.36.

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.