Breed s Hill Capital LLC Invests $220,000 in Ares Management Co. (NYSE:ARES)

Breed s Hill Capital LLC acquired a new stake in shares of Ares Management Co. (NYSE:ARES) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,849 shares of the asset manager’s stock, valued at approximately $220,000.

A number of other institutional investors also recently bought and sold shares of ARES. Rise Advisors LLC raised its holdings in Ares Management by 73.9% in the 4th quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock worth $29,000 after purchasing an additional 102 shares during the period. Hollencrest Capital Management purchased a new position in Ares Management during the third quarter valued at approximately $27,000. Hartford Financial Management Inc. boosted its position in shares of Ares Management by 47.4% in 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 during the period. Arlington Trust Co LLC purchased a new stake in shares of Ares Management in the fourth quarter worth $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Ares Management during the 4th quarter valued at $36,000. Institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARES. JMP Securities restated a “market perform” rating on shares of Ares Management in a research report on Tuesday, April 9th. Wells Fargo & Company lifted their price objective on shares of Ares Management from $112.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. UBS Group lifted their price target on shares of Ares Management from $156.00 to $160.00 and gave the company a “buy” rating in a report on Friday, April 12th. TD Cowen began coverage on Ares Management in a research report on Tuesday. They issued a “buy” rating and a $154.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Ares Management from $119.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $128.46.

Ares Management Trading Up 2.7 %

Shares of NYSE:ARES traded up $3.71 on Thursday, hitting $142.38. 1,467,834 shares of the company’s stock were exchanged, compared to its average volume of 1,044,335. The business’s 50 day simple moving average is $133.67 and its two-hundred day simple moving average is $122.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $44.08 billion, a price-to-earnings ratio of 63.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17. Ares Management Co. has a 12 month low of $80.07 and a 12 month high of $143.13.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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 company had revenue of $707.36 million for the quarter, compared to the consensus estimate of $814.88 million. Ares Management had a net margin of 12.86% and a return on equity of 21.63%. During the same quarter in the previous year, the business earned $0.71 EPS. Analysts anticipate that Ares Management Co. will post 4.47 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.72 annualized dividend and a yield of 2.61%. Ares Management’s payout ratio is currently 166.82%.

Insiders Place Their Bets

In other Ares Management news, insider R. Kipp Deveer sold 82,796 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $136.47, for a total transaction of $11,299,170.12. Following the transaction, the insider now owns 1,245,729 shares of the company’s stock, valued at approximately $170,004,636.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ares Management news, CEO Michael J. Arougheti sold 4,488 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $134.01, for a total value of $601,436.88. Following the completion of the transaction, the chief executive officer now directly owns 1,375,000 shares in the company, valued at $184,263,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Kipp Deveer sold 82,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $136.47, for a total transaction of $11,299,170.12. Following the transaction, the insider now owns 1,245,729 shares of the company’s stock, valued at approximately $170,004,636.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,494,440 shares of company stock worth $199,049,946. 41.89% of the stock is currently owned by company insiders.

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.