5,807 Shares in Ares Management Co. (NYSE:ARES) Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC acquired a new stake in Ares Management Co. (NYSE:ARES - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,807 shares of the asset manager's stock, valued at approximately $905,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in shares of Ares Management during the 3rd quarter worth approximately $36,000. Eastern Bank purchased a new stake in Ares Management during the third quarter worth $39,000. West Oak Capital LLC grew its holdings in Ares Management by 40.0% in 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 last quarter. Key Financial Inc purchased a new position in shares of Ares Management in the second quarter valued at $53,000. Finally, Industrial Alliance Investment Management Inc. raised its stake in shares of Ares Management by 80.4% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager's stock worth $60,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ARES shares. The Goldman Sachs Group increased their price objective on shares of Ares Management from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ares Management from $146.00 to $150.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. UBS Group upped their target price on Ares Management from $158.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on Ares Management from $176.00 to $174.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, Barclays boosted their price target on Ares Management from $155.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $169.64.

Insider Buying and Selling at Ares Management

In other news, insider R. Kipp Deveer sold 115,838 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $177.83, for a total value of $20,599,471.54. Following the completion of the sale, the insider now owns 1,259,162 shares of the company's stock, valued at $223,916,778.46. This represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Berry sold 12,500 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $154.40, for a total value of $1,930,000.00. Following the sale, the insider now owns 376,702 shares in the company, valued at approximately $58,162,788.80. The trade was a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 659,167 shares of company stock valued at $113,702,897. Company insiders own 1.20% of the company's stock.

Ares Management Trading Down 0.2 %

Shares of ARES stock traded down $0.29 during trading hours on Friday, hitting $182.45. 990,685 shares of the company were exchanged, compared to its average volume of 1,159,253. The firm has a fifty day moving average of $170.12 and a 200 day moving average of $152.63. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a 1 year low of $112.83 and a 1 year high of $185.06. The firm has a market cap of $57.12 billion, a PE ratio of 84.05, a PEG ratio of 1.99 and a beta of 1.19.

Ares Management (NYSE:ARES - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $833.58 million. During the same quarter last year, the firm posted $0.83 earnings per share. Analysts expect that Ares Management Co. will post 4.06 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, December 17th. Ares Management's dividend payout ratio (DPR) is presently 171.43%.

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.