E. Ohman J or Asset Management AB Makes New $513,000 Investment in Ares Management Co. (NYSE:ARES)

E. Ohman J or Asset Management AB purchased a new position in shares of Ares Management Co. (NYSE:ARES) in the fourth quarter, HoldingsChannel reports. The fund purchased 2,900 shares of the asset manager’s stock, valued at approximately $513,000.

A number of other large investors have also recently bought and sold shares of ARES. Sanctuary Advisors LLC acquired a new stake in shares of Ares Management in the 2nd quarter valued at approximately $923,000. SG Americas Securities LLC acquired a new stake in shares of Ares Management in the 3rd quarter valued at approximately $1,138,000. CWM LLC boosted its holdings in shares of Ares Management by 10.1% in the 3rd quarter. CWM LLC now owns 2,762 shares of the asset manager’s stock valued at $430,000 after buying an additional 253 shares during the last quarter. Wedmont Private Capital acquired a new stake in shares of Ares Management in the 3rd quarter valued at approximately $237,000. Finally, Albion Financial Group UT acquired a new stake in shares of Ares Management in the 3rd quarter valued at approximately $257,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Ratings Changes

ARES has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. TD Cowen increased their price target on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley increased their price target on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upgraded Ares Management from a “market perform” rating to an “outperform” rating and increased their price target for the company from $166.00 to $202.00 in a research note on Friday, December 20th. Finally, Wells Fargo & Company dropped their price target on Ares Management from $212.00 to $207.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Ares Management presently has a consensus rating of “Moderate Buy” and an average target price of $176.08.

Insiders Place Their Bets

In other news, insider Ryan Berry sold 1,671 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.00, for a total transaction of $292,425.00. Following the sale, the insider now directly owns 253,214 shares of the company’s stock, valued at approximately $44,312,450. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Arougheti sold 15,825 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $167.24, for a total value of $2,646,573.00. Following the sale, the chief executive officer now directly owns 214,079 shares in the company, valued at approximately $35,802,571.96. This trade represents a 6.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 555,838 shares of company stock worth $96,785,773 in the last 90 days. Company insiders own 41.89% of the company’s stock.

Ares Management Stock Down 2.9 %

ARES stock opened at $189.71 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $59.39 billion, a price-to-earnings ratio of 87.42, a PEG ratio of 1.50 and a beta of 1.18. The business’s fifty day moving average price is $182.78 and its two-hundred day moving average price is $164.99. Ares Management Co. has a fifty-two week low of $124.11 and a fifty-two week high of $200.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.12). Ares Management had a return on equity of 19.89% and a net margin of 12.51%. On average, equities analysts anticipate that Ares Management Co. will post 4.04 earnings per share for the current year.

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.