Universal Beteiligungs und Servicegesellschaft mbH Purchases 5,068 Shares of Ares Management Corporation $ARES

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Ares Management Corporation (NYSE:ARES) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,341 shares of the asset manager’s stock after acquiring an additional 5,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ares Management were worth $10,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. New York Life Investment Management LLC boosted its holdings in Ares Management by 2.0% during the second quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock worth $534,000 after purchasing an additional 59 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Ares Management by 10.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock worth $109,000 after buying an additional 59 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Ares Management by 1.3% in the 2nd quarter. MGO One Seven LLC now owns 4,576 shares of the asset manager’s stock worth $793,000 after buying an additional 60 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Ares Management by 9.1% in the first quarter. Smartleaf Asset Management LLC now owns 746 shares of the asset manager’s stock valued at $108,000 after acquiring an additional 62 shares in the last quarter. Finally, Cigna Investments Inc. New increased its position in shares of Ares Management by 3.4% during the second quarter. Cigna Investments Inc. New now owns 1,890 shares of the asset manager’s stock valued at $327,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 50.03% of the company’s stock.

Insider Transactions at Ares Management

In other news, Chairman Antony P. Ressler sold 128,837 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $178.30, for a total transaction of $22,971,637.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 1,989,059 shares of company stock valued at $355,167,794. 36.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Ares Management in a report on Monday. Morgan Stanley cut their price objective on shares of Ares Management from $178.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Citigroup restated a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. TD Cowen boosted their price objective on Ares Management from $175.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods increased their price objective on Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $187.46.

Ares Management Price Performance

Shares of NYSE:ARES opened at $145.22 on Thursday. The company’s fifty day moving average price is $156.36 and its 200-day moving average price is $168.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of 83.94, a PEG ratio of 1.19 and a beta of 1.45. Ares Management Corporation has a one year low of $110.63 and a one year high of $200.49.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.03 billion. Ares Management had a net margin of 9.47% and a return on equity of 15.81%. During the same period in the previous year, the business earned $0.55 earnings per share. On average, equities research analysts anticipate that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 17th. Ares Management’s payout ratio is 192.27%.

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.