Ares Management Co. (NYSE:ARES) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of Ares Management Co. (NYSE:ARES) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,147 shares of the asset manager’s stock after purchasing an additional 35,196 shares during the period. Deutsche Bank AG’s holdings in Ares Management were worth $43,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARES. Transce3nd LLC purchased a new position in Ares Management in the 4th quarter worth about $29,000. Johnson Financial Group Inc. increased its stake in Ares Management by 104.8% in the 4th quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Ares Management in the 4th quarter worth about $36,000. GAMMA Investing LLC increased its stake in Ares Management by 53.4% in 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 position in Ares Management in the 4th quarter worth about $53,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARES has been the topic of a number of analyst reports. JMP Securities lifted their price target on Ares Management from $165.00 to $185.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 8th. Citizens Jmp raised Ares Management from a “market perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a research note on Tuesday, April 8th. Barclays increased their target price on Ares Management from $142.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Morgan Stanley reduced their target price on Ares Management from $197.00 to $152.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their target price on Ares Management from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.50.

Insider Transactions at Ares Management

In related news, CEO Michael J. Arougheti sold 110,845 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $153.17, for a total value of $16,978,128.65. Following the completion of the sale, the chief executive officer now directly owns 1,400,000 shares in the company, valued at approximately $214,438,000. This represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Bennett Rosenthal sold 69,809 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $161.01, for a total transaction of $11,239,947.09. Following the completion of the sale, the chairman now owns 30,191 shares of the company’s stock, valued at $4,861,052.91. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 250,180 shares of company stock valued at $39,411,066 in the last three months. Corporate insiders own 36.86% of the company’s stock.

Ares Management Stock Performance

Shares of ARES opened at $173.14 on Wednesday. Ares Management Co. has a 52 week low of $110.63 and a 52 week high of $200.49. The company’s 50 day moving average price is $147.00 and its 200 day moving average price is $167.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $54.61 billion, a PE ratio of 85.29, a PEG ratio of 1.28 and a beta of 1.40.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. Ares Management had a return on equity of 16.64% and a net margin of 11.35%. The company had revenue of $951.96 million during the quarter, compared to the consensus estimate of $914.00 million. During the same period last year, the business earned $0.80 EPS. Research analysts expect that Ares Management Co. will post 5.28 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 263.53%.

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.