BluePath Capital Management LLC Has $432,000 Stake in Ares Management Co. (NYSE:ARES)

BluePath Capital Management LLC boosted its holdings in Ares Management Co. (NYSE:ARES) by 23.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,246 shares of the asset manager’s stock after acquiring an additional 606 shares during the period. BluePath Capital Management LLC’s holdings in Ares Management were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ARES. LPL Financial LLC grew its position in shares of Ares Management by 12.1% in the third quarter. LPL Financial LLC now owns 48,714 shares of the asset manager’s stock valued at $5,011,000 after purchasing an additional 5,263 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Ares Management by 11.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 6,264 shares of the asset manager’s stock worth $644,000 after buying an additional 624 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Ares Management in the third quarter valued at about $2,223,000. Tower Research Capital LLC TRC grew its stake in shares of Ares Management by 258.2% in the third quarter. Tower Research Capital LLC TRC now owns 10,589 shares of the asset manager’s stock valued at $1,089,000 after acquiring an additional 7,633 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in Ares Management during the third quarter worth about $4,782,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Trading Up 2.2 %

NYSE ARES traded up $2.97 on Wednesday, hitting $138.42. The company’s stock had a trading volume of 554,717 shares, compared to its average volume of 1,160,146. The firm has a market cap of $42.89 billion, a PE ratio of 62.07, a PEG ratio of 1.17 and a beta of 1.22. The company’s 50-day moving average is $138.14 and its 200 day moving average is $131.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. Ares Management Co. has a 1-year low of $92.95 and a 1-year high of $150.12.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, May 2nd. The asset manager reported $0.80 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 company had revenue of $707.36 million for the quarter, compared to analyst estimates of $814.88 million. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, analysts predict that Ares Management Co. will post 4.27 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, June 14th. Ares Management’s dividend payout ratio is currently 166.82%.

Insider Transactions at Ares Management

In related news, Chairman Antony P. Ressler sold 175,152 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $133.56, for a total transaction of $23,393,301.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Ares Management news, Director Judy D. Olian sold 3,417 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $134.00, for a total value of $457,878.00. Following the transaction, the director now owns 27,312 shares in the company, valued at $3,659,808. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Antony P. Ressler sold 175,152 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $133.56, for a total value of $23,393,301.12. The disclosure for this sale can be found here. Insiders sold a total of 1,458,640 shares of company stock worth $197,862,103 over the last three months. 41.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Ares Management from $153.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Ares Management in a report on Wednesday, May 22nd. UBS Group boosted their price target on Ares Management from $156.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Ares Management from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $176.00 to $132.00 in a research note on Thursday, June 13th. Finally, TD Cowen boosted their target price on shares of Ares Management from $154.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Ares Management currently has a consensus rating of “Hold” and a consensus target price of $130.29.

Ares Management 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.