Nisa Investment Advisors LLC Has $198,000 Holdings in Ares Management Corporation (NYSE:ARES)

Nisa Investment Advisors LLC boosted its position in Ares Management Corporation (NYSE:ARES) by 64.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,350 shares of the asset manager’s stock after buying an additional 530 shares during the period. Nisa Investment Advisors LLC’s holdings in Ares Management were worth $198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARES. Huntington National Bank grew its stake in shares of Ares Management by 9.8% during the fourth quarter. Huntington National Bank now owns 704 shares of the asset manager’s stock valued at $125,000 after buying an additional 63 shares during the last quarter. Canton Hathaway LLC raised its holdings in Ares Management by 9.5% in the first quarter. Canton Hathaway LLC now owns 865 shares of the asset manager’s stock worth $127,000 after buying an additional 75 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Ares Management by 1.8% during the first quarter. Bessemer Group Inc. now owns 4,360 shares of the asset manager’s stock valued at $639,000 after purchasing an additional 78 shares during the last quarter. Harbour Investments Inc. grew its position in Ares Management by 25.6% during the fourth quarter. Harbour Investments Inc. now owns 398 shares of the asset manager’s stock valued at $70,000 after buying an additional 81 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Ares Management by 0.8% in the fourth quarter. Intech Investment Management LLC now owns 10,520 shares of the asset manager’s stock worth $1,862,000 after purchasing an additional 81 shares during the period. 50.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider David B. Kaplan sold 62,500 shares of Ares Management stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $169.36, for a total transaction of $10,585,000.00. Following the sale, the insider owned 62,500 shares in the company, valued at $10,585,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Bennett Rosenthal sold 85,000 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $168.79, for a total transaction of $14,347,150.00. The disclosure for this sale can be found here. Insiders sold a total of 873,145 shares of company stock worth $146,204,353 in the last three months. 36.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARES. Wolfe Research set a $193.00 price target on shares of Ares Management and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Barclays raised their price target on shares of Ares Management from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their target price on shares of Ares Management from $189.00 to $202.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Citizens Jmp raised shares of Ares Management from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research note on Tuesday, April 8th. Finally, TD Cowen lowered their price target on shares of Ares Management from $216.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.50.

Ares Management Price Performance

ARES stock opened at $183.38 on Friday. Ares Management Corporation has a 52-week low of $110.63 and a 52-week high of $200.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average price of $170.38 and a 200-day moving average price of $166.45. The company has a market capitalization of $59.89 billion, a P/E ratio of 107.87, a PEG ratio of 1.47 and a beta of 1.37.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The business had revenue of $951.96 million for the quarter, compared to analyst estimates of $914.00 million. Ares Management had a net margin of 9.73% and a return on equity of 16.29%. During the same quarter in the previous year, the firm posted $0.80 earnings per share. As a group, equities analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $1.12 dividend. The ex-dividend date was Monday, June 16th. This represents a $4.48 annualized dividend and a dividend yield of 2.44%. Ares Management’s dividend payout ratio is 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.