Ares Management Co. (NYSE:ARES) Position Cut by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC decreased its holdings in Ares Management Co. (NYSE:ARES) by 51.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,462 shares of the asset manager’s stock after selling 3,635 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Ares Management were worth $461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Wealth Management LLC bought a new stake in shares of Ares Management in the 1st quarter worth $28,000. Riverview Trust Co acquired a new stake in Ares Management in the 1st quarter valued at about $29,000. West Oak Capital LLC lifted its holdings in Ares Management by 66.7% in the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Ares Management by 555.0% during the 1st quarter. Global Retirement Partners LLC now owns 262 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 222 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its stake in shares of Ares Management by 29,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock worth $35,000 after purchasing an additional 292 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on shares of Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $150.00 target price on shares of Ares Management in a report on Wednesday, May 22nd. UBS Group lowered their price target on Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. 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 note on Monday, August 5th. Finally, Barclays lifted their target price on Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $138.82.

Ares Management Stock Performance

NYSE:ARES traded up $3.50 during midday trading on Friday, reaching $147.00. The stock had a trading volume of 1,165,475 shares, compared to its average volume of 1,141,590. The stock has a market capitalization of $45.54 billion, a P/E ratio of 65.92, a PEG ratio of 1.29 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03. Ares Management Co. has a 1-year low of $96.00 and a 1-year high of $155.53. The firm’s fifty day simple moving average is $141.15 and its 200-day simple moving average is $137.53.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $860.09 million. During the same period in the prior year, the business earned $0.90 earnings per share. On average, equities research analysts forecast that Ares Management Co. will post 4.23 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, September 16th. Ares Management’s payout ratio is presently 166.82%.

Insider Buying and Selling at Ares Management

In other news, Chairman Bennett Rosenthal sold 100,000 shares of Ares Management stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $140.41, for a total transaction of $14,041,000.00. Following the sale, the chairman now directly owns 150,000 shares in the company, valued at approximately $21,061,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ares Management news, insider David B. Kaplan sold 110,341 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $140.35, for a total value of $15,486,359.35. Following the sale, the insider now directly owns 139,659 shares in the company, valued at $19,601,140.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bennett Rosenthal sold 100,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $140.41, for a total value of $14,041,000.00. Following the transaction, the chairman now owns 150,000 shares of the company’s stock, valued at $21,061,500. The disclosure for this sale can be found here. Insiders have sold 704,477 shares of company stock valued at $97,659,456 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Ares Management Company 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.