Triasima Portfolio Management inc. Purchases 1,584 Shares of Ares Management Co. (NYSE:ARES)

Triasima Portfolio Management inc. grew its holdings in Ares Management Co. (NYSE:ARES - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,934 shares of the asset manager's stock after purchasing an additional 1,584 shares during the period. Ares Management comprises approximately 1.5% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 21st biggest holding. Triasima Portfolio Management inc.'s holdings in Ares Management were worth $7,778,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in Ares Management by 6.5% during the third quarter. Victory Capital Management Inc. now owns 65,417 shares of the asset manager's stock worth $10,195,000 after buying an additional 4,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ares Management by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,985 shares of the asset manager's stock worth $106,436,000 after purchasing an additional 36,476 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Ares Management by 31.2% in the 3rd quarter. Toronto Dominion Bank now owns 22,750 shares of the asset manager's stock valued at $3,545,000 after purchasing an additional 5,404 shares during the period. JPMorgan Chase & Co. increased its position in Ares Management by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager's stock worth $1,284,773,000 after buying an additional 679,462 shares during the last quarter. Finally, Caldwell Investment Management Ltd. raised its stake in Ares Management by 134.1% in the fourth quarter. Caldwell Investment Management Ltd. now owns 10,300 shares of the asset manager's stock valued at $1,842,000 after buying an additional 5,900 shares during the period. Institutional investors own 50.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ARES shares. Deutsche Bank Aktiengesellschaft boosted their target price on Ares Management from $146.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upgraded shares of Ares Management from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $166.00 to $202.00 in a research note on Friday, December 20th. Wells Fargo & Company upped their price target on shares of Ares Management from $207.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com cut shares of Ares Management from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Finally, Barclays reduced their price objective on Ares Management from $224.00 to $217.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ares Management currently has an average rating of "Moderate Buy" and an average price target of $176.17.

Ares Management Price Performance

ARES traded down $4.22 on Tuesday, reaching $185.76. The stock had a trading volume of 450,315 shares, compared to its average volume of 1,067,680. The firm has a 50-day moving average of $184.00 and a 200-day moving average of $166.19. Ares Management Co. has a fifty-two week low of $125.23 and a fifty-two week high of $200.49. The company has a market capitalization of $58.15 billion, a price-to-earnings ratio of 91.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.12). Ares Management had a net margin of 11.35% and a return on equity of 16.64%. As a group, sell-side analysts anticipate that Ares Management Co. will post 5.53 EPS for the current year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Ares Management's previous quarterly dividend of $0.93. Ares Management's payout ratio is 183.25%.

Insider Activity

In other Ares Management news, Chairman Bennett Rosenthal sold 20,048 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $167.44, for a total transaction of $3,356,837.12. Following the completion of the sale, the chairman now directly owns 229,952 shares in the company, valued at approximately $38,503,162.88. This trade represents a 8.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan Berry sold 5,443 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $180.14, for a total value of $980,502.02. Following the completion of the transaction, the insider now directly owns 247,771 shares in the company, valued at $44,633,467.94. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 633,100 shares of company stock valued at $111,492,196. Company insiders own 1.20% of the company's stock.

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.