Brevan Howard Capital Management LP Makes New Investment in Ares Management Co. (NYSE:ARES)

Brevan Howard Capital Management LP bought a new position in shares of Ares Management Co. (NYSE:ARES - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,665 shares of the asset manager's stock, valued at approximately $1,003,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ARES. Chesley Taft & Associates LLC increased its holdings in shares of Ares Management by 0.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 14,022 shares of the asset manager's stock worth $2,482,000 after purchasing an additional 60 shares during the period. Huntington National Bank raised its holdings in Ares Management by 9.8% in the 4th quarter. Huntington National Bank now owns 704 shares of the asset manager's stock valued at $125,000 after acquiring an additional 63 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of Ares Management by 2.3% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,799 shares of the asset manager's stock valued at $496,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc grew its holdings in shares of Ares Management by 67.0% during the 4th quarter. Versant Capital Management Inc now owns 162 shares of the asset manager's stock worth $29,000 after purchasing an additional 65 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Ares Management by 2.8% in the fourth quarter. Yousif Capital Management LLC now owns 2,352 shares of the asset manager's stock worth $416,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 50.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARES. TD Cowen reduced their price objective on shares of Ares Management from $216.00 to $161.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer upgraded shares of Ares Management from a "market perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a research report on Wednesday, April 16th. Barclays lifted their price target on Ares Management from $142.00 to $182.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wolfe Research set a $193.00 price objective on Ares Management and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, JMP Securities lifted their target price on Ares Management from $165.00 to $185.00 and gave the company a "market outperform" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Ares Management presently has a consensus rating of "Moderate Buy" and an average price target of $174.50.

Ares Management Trading Down 0.6 %

Shares of NYSE ARES traded down $0.92 during trading on Friday, reaching $164.93. The company had a trading volume of 1,659,104 shares, compared to its average volume of 1,409,920. The stock has a market cap of $52.02 billion, a P/E ratio of 81.25, a PEG ratio of 1.28 and a beta of 1.40. The company's fifty day moving average price is $146.41 and its 200-day moving average price is $167.53. 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 Co. has a 12 month low of $110.63 and a 12 month high of $200.49.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.15. The business had revenue of $951.96 million during the quarter, compared to the consensus estimate of $914.00 million. Ares Management had a net margin of 11.35% and a return on equity of 16.64%. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, research analysts expect that Ares Management Co. will post 5.28 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.12 per share. The ex-dividend date is Monday, June 16th. This represents a $4.48 dividend on an annualized basis and a yield of 2.72%. Ares Management's payout ratio is currently 263.53%.

Insider Transactions at Ares Management

In related news, Director Ashish Bhutani acquired 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $141.33 per share, for a total transaction of $1,413,300.00. Following the purchase, the director now directly owns 22,905 shares of the company's stock, valued at $3,237,163.65. The trade was a 77.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David B. Kaplan sold 69,526 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $160.99, for a total transaction of $11,192,990.74. Following the transaction, the insider now directly owns 30,474 shares in the company, valued at approximately $4,906,009.26. This represents a 69.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,180 shares of company stock valued at $39,411,066. Corporate insiders own 0.52% of the company's stock.

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.