Ares Management Co. (NYSE:ARES) Stock Holdings Increased by Paragon Advisors LLC

Paragon Advisors LLC lifted its holdings in Ares Management Co. (NYSE:ARES) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,229 shares of the asset manager’s stock after purchasing an additional 577 shares during the quarter. Paragon Advisors LLC’s holdings in Ares Management were worth $2,217,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Ares Management during the 3rd quarter valued at $39,000. West Oak Capital LLC raised its holdings in shares of Ares Management by 40.0% in the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Key Financial Inc acquired a new stake in Ares Management during the second quarter valued at approximately $53,000. EntryPoint Capital LLC acquired a new stake in shares of Ares Management during the 1st quarter valued at $54,000. Finally, Industrial Alliance Investment Management Inc. boosted its position in shares of Ares Management by 80.4% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 201 shares during the period. 50.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays upped their price objective on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. UBS Group lifted their price target on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Redburn Atlantic began coverage on Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.36.

Ares Management Price Performance

NYSE ARES opened at $167.21 on Friday. 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 stock has a market capitalization of $52.34 billion, a PE ratio of 77.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.20. Ares Management Co. has a 12-month low of $101.44 and a 12-month high of $175.74. The company has a 50 day moving average price of $160.74 and a two-hundred day moving average price of $147.79.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $833.58 million. During the same quarter last year, the company posted $0.83 earnings per share. As a group, equities analysts predict that Ares Management Co. will post 4.07 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.22%. Ares Management’s dividend payout ratio is 171.43%.

Insider Buying and Selling at Ares Management

In other news, Chairman Bennett Rosenthal sold 10,154 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $144.46, for a total value of $1,466,846.84. Following the sale, the chairman now directly owns 191,508 shares in the company, valued at approximately $27,665,245.68. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David B. Kaplan sold 10,450 shares of Ares Management stock in a transaction on Monday, August 19th. The shares were sold at an average price of $144.46, for a total value of $1,509,607.00. Following the transaction, the insider now directly owns 191,334 shares of the company’s stock, valued at approximately $27,640,109.64. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 561,280 shares of company stock valued at $83,030,436 in the last ninety days. Company insiders own 1.20% of the company’s stock.

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.