Ares Management Co. (NYSE:ARES) Stock Position Lifted by Osprey Private Wealth LLC

Osprey Private Wealth LLC boosted its stake in shares of Ares Management Co. (NYSE:ARES) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,825 shares of the asset manager’s stock after purchasing an additional 60 shares during the period. Ares Management comprises approximately 3.4% of Osprey Private Wealth LLC’s holdings, making the stock its 12th largest position. Osprey Private Wealth LLC’s holdings in Ares Management were worth $4,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Ares Management by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock worth $1,284,773,000 after buying an additional 679,462 shares during the period. Principal Financial Group Inc. raised its stake in Ares Management by 31.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,849,737 shares of the asset manager’s stock valued at $444,103,000 after purchasing an additional 678,549 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Ares Management by 26.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,344,383 shares of the asset manager’s stock valued at $229,056,000 after purchasing an additional 280,656 shares during the last quarter. State Street Corp raised its stake in Ares Management by 5.1% during the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock valued at $596,318,000 after purchasing an additional 187,184 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Ares Management by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,950,451 shares of the asset manager’s stock valued at $459,580,000 after purchasing an additional 175,627 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARES has been the subject of several research analyst reports. Barclays reiterated an “overweight” rating and set a $224.00 target price on shares of Ares Management in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on shares of Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.08.

Ares Management Stock Down 0.4 %

Shares of NYSE:ARES opened at $195.70 on Wednesday. Ares Management Co. has a 12 month low of $123.85 and a 12 month high of $200.49. The company’s 50-day moving average price is $182.44 and its two-hundred day moving average price is $164.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The firm has a market cap of $61.27 billion, a P/E ratio of 90.19, a P/E/G ratio of 1.50 and a beta of 1.18.

Insiders Place Their Bets

In other news, insider R. Kipp Deveer sold 115,838 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.83, for a total value of $20,599,471.54. Following the transaction, the insider now owns 1,259,162 shares of the company’s stock, valued at approximately $223,916,778.46. This trade represents a 8.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Berry sold 1,671 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00. Following the completion of the sale, the insider now owns 253,214 shares in the company, valued at $44,312,450. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 555,838 shares of company stock valued at $96,785,773 in the last 90 days. 41.89% of the stock is currently owned by insiders.

About Ares Management

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.