Ares Management Co. (NYSE:ARES) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in Ares Management Co. (NYSE:ARES) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,255 shares of the asset manager’s stock after selling 13,333 shares during the quarter. Ares Management comprises 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 26th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ares Management were worth $45,779,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ARES. Compass Wealth Management LLC bought a new position in Ares Management in the 1st quarter valued at about $28,000. Rise Advisors LLC boosted its holdings in shares of Ares Management by 73.9% in the fourth quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 102 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Ares Management during the first quarter valued at approximately $29,000. Hartford Financial Management Inc. raised its holdings in Ares Management by 47.4% during the fourth quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock worth $33,000 after purchasing an additional 90 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in Ares Management in the fourth quarter worth approximately $34,000. Institutional investors own 50.03% of the company’s stock.

Insiders Place Their Bets

In other Ares Management news, Chairman Antony P. Ressler sold 45,984 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $132.11, for a total value of $6,074,946.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Ares Management news, Chairman Bennett Rosenthal sold 50,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $129.72, for a total value of $6,486,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Antony P. Ressler sold 45,984 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $132.11, for a total transaction of $6,074,946.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,544,846 shares of company stock valued at $209,247,962 in the last three months. Company insiders own 41.89% of the company’s stock.

Ares Management Stock Performance

Shares of NYSE ARES traded down $0.75 during trading hours on Tuesday, hitting $135.45. 784,613 shares of the stock were exchanged, compared to its average volume of 1,164,933. Ares Management Co. has a one year low of $92.95 and a one year high of $150.12. The company’s 50 day moving average is $138.03 and its 200 day moving average is $130.86. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $41.97 billion, a P/E ratio of 60.94, a P/E/G ratio of 1.17 and a beta of 1.22.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, May 2nd. The asset manager reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). The firm had revenue of $707.36 million for the quarter, compared to analyst estimates of $814.88 million. Ares Management had a return on equity of 21.22% and a net margin of 12.86%. During the same period in the prior year, the firm earned $0.71 EPS. On average, research analysts expect that Ares Management Co. will post 4.27 EPS for the current year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, June 14th. Ares Management’s dividend payout ratio (DPR) is currently 166.82%.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of research reports. TD Cowen boosted their price objective on Ares Management from $154.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $150.00 price target on shares of Ares Management in a research report on Wednesday, May 22nd. Jefferies Financial Group reduced their price objective on shares of Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. UBS Group lifted their target price on shares of Ares Management from $156.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Ares Management from a “buy” rating to a “hold” rating and reduced their price target for the company from $176.00 to $132.00 in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.