Daiwa Securities Group Inc. Boosts Stock Position in Ares Management Co. (NYSE:ARES)

Daiwa Securities Group Inc. raised its position in shares of Ares Management Co. (NYSE:ARESFree Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,128 shares of the asset manager’s stock after buying an additional 500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ares Management were worth $1,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dai ichi Life Insurance Company Ltd boosted its stake in Ares Management by 49.2% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 19,949 shares of the asset manager’s stock valued at $2,372,000 after acquiring an additional 6,576 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of Ares Management during the fourth quarter valued at about $1,100,000. Westpac Banking Corp purchased a new position in shares of Ares Management in the 4th quarter valued at approximately $2,421,000. Artemis Investment Management LLP boosted its stake in Ares Management by 24.5% in the 4th quarter. Artemis Investment Management LLP now owns 149,920 shares of the asset manager’s stock worth $17,829,000 after purchasing an additional 29,457 shares in the last quarter. Finally, Norden Group LLC grew its position in Ares Management by 2,695.3% during the 1st quarter. Norden Group LLC now owns 70,414 shares of the asset manager’s stock worth $9,364,000 after purchasing an additional 67,895 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Transactions at Ares Management

In related news, Chairman Bennett Rosenthal sold 50,000 shares of Ares Management stock in a transaction on Monday, April 15th. The shares were sold at an average price of $129.72, for a total value of $6,486,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Judy D. Olian sold 3,417 shares of Ares Management stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $134.00, for a total value of $457,878.00. Following the sale, the director now directly owns 27,312 shares in the company, valued at approximately $3,659,808. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Bennett Rosenthal sold 50,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $129.72, for a total value of $6,486,000.00. The disclosure for this sale can be found here. Insiders sold a total of 969,315 shares of company stock valued at $132,164,160 in the last three months. 41.89% of the stock is currently owned by company insiders.

Ares Management Stock Performance

Shares of NYSE ARES opened at $134.83 on Wednesday. The company has a market capitalization of $41.77 billion, a PE ratio of 60.46, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.03. The company’s fifty day moving average price is $138.38 and its 200 day moving average price is $131.90. Ares Management Co. has a 1 year low of $93.65 and a 1 year high of $150.12.

Ares Management (NYSE:ARESGet Free Report) last posted its earnings results on Thursday, May 2nd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.13). Ares Management had a return on equity of 21.22% and a net margin of 12.86%. The firm had revenue of $707.36 million for the quarter, compared to analysts’ expectations of $814.88 million. During the same period in the previous year, the company earned $0.71 earnings per share. On average, research analysts predict that Ares Management Co. will post 4.27 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, June 14th. Ares Management’s dividend payout ratio (DPR) is presently 166.82%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ARES shares. JMP Securities reaffirmed a “market perform” rating on shares of Ares Management in a report on Tuesday, April 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 price target on shares of Ares Management in a research report on Wednesday, May 22nd. Jefferies Financial Group cut their price objective on Ares Management from $131.00 to $127.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. TD Cowen reduced their price objective on Ares Management from $168.00 to $158.00 and set a “buy” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered Ares Management from a “buy” rating to a “hold” rating and dropped their target price for the company from $176.00 to $132.00 in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Ares Management presently has a consensus rating of “Hold” and a consensus target price of $129.36.

Read Our Latest Stock Analysis on Ares Management

Ares Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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