Advisor OS LLC Has $955,000 Stake in Ares Management Co. (NYSE:ARES)

Advisor OS LLC lowered its position in shares of Ares Management Co. (NYSE:ARES) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,393 shares of the asset manager’s stock after selling 181 shares during the quarter. Advisor OS LLC’s holdings in Ares Management were worth $955,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Ares Management by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock valued at $1,284,773,000 after purchasing an additional 679,462 shares in the last quarter. FMR LLC lifted its stake in Ares Management by 1.0% in the third quarter. FMR LLC now owns 6,301,709 shares of the asset manager’s stock valued at $982,058,000 after buying an additional 63,851 shares during the period. State Street Corp boosted its holdings in shares of Ares Management by 5.1% during the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock worth $596,318,000 after buying an additional 187,184 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Ares Management by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager’s stock worth $600,830,000 after buying an additional 18,773 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Ares Management by 12.4% in the 4th quarter. Principal Financial Group Inc. now owns 3,201,863 shares of the asset manager’s stock valued at $566,826,000 after acquiring an additional 352,126 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ares Management

In related news, insider Ryan Berry sold 5,443 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $180.14, for a total transaction of $980,502.02. Following the completion of the transaction, the insider now owns 247,771 shares in the company, valued at approximately $44,633,467.94. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Kipp Deveer sold 115,838 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the sale, the insider now owns 1,259,162 shares of the company’s stock, valued at $223,916,778.46. This trade represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,571 shares of company stock worth $39,165,379. Insiders own 41.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ARES shares. Barclays cut their target price on shares of Ares Management from $224.00 to $217.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada increased their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. JMP Securities reaffirmed a “market perform” rating on shares of Ares Management in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft increased their price target on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, StockNews.com cut Ares Management from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.17.

Ares Management Stock Down 0.9 %

Shares of NYSE:ARES opened at $167.36 on Wednesday. The business’s 50 day moving average is $184.43 and its 200 day moving average is $169.15. Ares Management Co. has a 12-month low of $125.23 and a 12-month high of $200.49. The stock has a market cap of $52.39 billion, a price-to-earnings ratio of 82.44, a PEG ratio of 1.28 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 16.64% and a net margin of 11.35%. On average, sell-side analysts forecast that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $1.12 dividend. This is a positive change from Ares Management’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.48 annualized dividend and a yield of 2.68%. Ares Management’s dividend payout ratio (DPR) is 183.25%.

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.