Hantz Financial Services Inc. Makes New $1.99 Million Investment in Ares Management Co. (NYSE:ARES)

Hantz Financial Services Inc. purchased a new stake in Ares Management Co. (NYSE:ARES) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,954 shares of the asset manager’s stock, valued at approximately $1,993,000.

A number of other institutional investors also recently modified their holdings of the business. Gulf International Bank UK Ltd raised its holdings in Ares Management by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 13,420 shares of the asset manager’s stock valued at $1,784,000 after acquiring an additional 90 shares during the period. West Oak Capital LLC raised its stake in shares of Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Ares Management by 10.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,073 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 105 shares during the period. Chase Investment Counsel Corp lifted its holdings in Ares Management by 0.4% during the 1st quarter. Chase Investment Counsel Corp now owns 32,668 shares of the asset manager’s stock worth $4,344,000 after purchasing an additional 115 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Ares Management by 5.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,694 shares of the asset manager’s stock worth $320,000 after purchasing an additional 136 shares during the period. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Ares Management from $151.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $150.00 price target on shares of Ares Management in a report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. TD Cowen increased their price objective on Ares Management from $158.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, UBS Group reduced their target price on Ares Management from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Ares Management has an average rating of “Hold” and an average price target of $138.92.

Insider Activity at Ares Management

In other Ares Management news, insider R. Kipp Deveer sold 41,676 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 1,075,000 shares of the company’s stock, valued at $161,475,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ares Management news, insider R. Kipp Deveer sold 41,676 shares of Ares Management stock in a transaction that occurred on Monday, July 22nd. The stock was 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 approximately $161,475,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David B. Kaplan sold 14,659 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $138.11, for a total value of $2,024,554.49. Following the completion of the sale, the insider now owns 125,000 shares of the company’s stock, valued at approximately $17,263,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 703,312 shares of company stock valued at $98,664,278. Insiders own 1.20% of the company’s stock.

Ares Management Trading Up 1.4 %

Shares of ARES stock opened at $146.40 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a market cap of $45.36 billion, a P/E ratio of 65.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. The business has a 50-day moving average price of $142.32 and a two-hundred day moving average price of $137.97. Ares Management Co. has a 12-month low of $96.00 and a 12-month high of $155.53.

Ares Management (NYSE:ARES) last released its earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Ares Management had a return on equity of 21.22% and a net margin of 12.86%. The company had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. During the same quarter in the previous year, the company posted $0.90 EPS. Equities analysts anticipate that Ares Management Co. will post 4.23 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.54%. Ares Management’s dividend payout ratio (DPR) is 166.82%.

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.