Marest Capital LLC Acquires New Position in Ares Management Co. (NYSE:ARES)

Marest Capital LLC acquired a new stake in Ares Management Co. (NYSE:ARES) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,644 shares of the asset manager’s stock, valued at approximately $256,000. Ares Management makes up 0.2% of Marest Capital LLC’s portfolio, making the stock its 17th biggest holding.

Other large investors have also bought and sold shares of the company. Inscription Capital LLC acquired a new stake in Ares Management in the first quarter worth $341,000. Capital CS Group LLC bought a new stake in shares of Ares Management during the first quarter worth $621,000. Gulf International Bank UK Ltd increased its position in shares of Ares Management by 0.7% during the first quarter. Gulf International Bank UK Ltd now owns 13,420 shares of the asset manager’s stock worth $1,784,000 after acquiring an additional 90 shares in the last quarter. Southland Equity Partners LLC bought a new stake in shares of Ares Management during the first quarter worth $334,000. Finally, Riverview Trust Co bought a new stake in shares of Ares Management during the first quarter worth $29,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ares Management

In other news, insider Ryan Berry sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $160.07, for a total transaction of $3,201,400.00. Following the completion of the sale, the insider now owns 344,202 shares in the company, valued at approximately $55,096,414.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Ares Management news, insider R. Kipp Deveer sold 41,676 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $150.21, for a total value of $6,260,151.96. Following the transaction, the insider now directly owns 1,075,000 shares of the company’s stock, valued at $161,475,750. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Berry sold 20,000 shares of Ares Management stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $160.07, for a total transaction of $3,201,400.00. Following the sale, the insider now directly owns 344,202 shares in the company, valued at $55,096,414.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 624,316 shares of company stock worth $90,919,400. 1.20% of the stock is owned by insiders.

Ares Management Stock Performance

Shares of ARES opened at $168.73 on Friday. The firm has a 50-day moving average of $150.43 and a 200-day moving average of $142.61. Ares Management Co. has a one year low of $96.00 and a one year high of $171.14. The company has a market cap of $52.28 billion, a PE ratio of 75.66, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. The company had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. During the same quarter last year, the firm posted $0.90 EPS. As a group, equities analysts forecast that Ares Management Co. will post 4.16 earnings per share for the current year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Monday, September 16th. Ares Management’s dividend payout ratio (DPR) is presently 166.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ARES shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ares Management from $134.00 to $133.00 and set a “hold” rating for the company in a research report on Thursday, August 15th. Barclays increased their price objective on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company increased their price objective on shares of Ares Management from $156.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. TD Cowen increased their price objective on shares of Ares Management from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley raised their target price on shares of Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.82.

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.