2,061 Shares in Ares Management Corporation $ARES Acquired by Enclave Advisors LLC

Key Points

• Enclave Advisors LLC acquired 2,061 shares of Ares Management Corporation, valued at approximately $357,000, in the 2nd quarter, indicating growing interest from institutional investors.
• CEO Michael J. Arougheti sold 136,516 shares for nearly $25 million, representing a 30.46% decrease in his holdings.
• Ares Management recently announced a quarterly dividend of $1.12 per share, with a dividend yield of 2.7% and a payout ratio of 258.96%, highlighting the company's commitment to returning value to shareholders.

Enclave Advisors LLC acquired a new position in Ares Management Corporation (NYSE:ARES - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,061 shares of the asset manager's stock, valued at approximately $357,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ARES. Vanguard Group Inc. boosted its holdings in Ares Management by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 19,189,991 shares of the asset manager's stock worth $2,813,445,000 after buying an additional 382,273 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ares Management by 24.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,292 shares of the asset manager's stock worth $177,148,000 after purchasing an additional 240,564 shares in the last quarter. Strs Ohio purchased a new stake in Ares Management in the 1st quarter worth approximately $26,350,000. Westfield Capital Management Co. LP lifted its stake in Ares Management by 18.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,128,415 shares of the asset manager's stock worth $165,437,000 after purchasing an additional 174,645 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Ares Management by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 3,354,032 shares of the asset manager's stock worth $491,735,000 after purchasing an additional 152,169 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Ares Management from $195.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. Citigroup reiterated an "outperform" rating on shares of Ares Management in a research note on Monday, July 14th. Cfra Research upgraded shares of Ares Management to a "moderate buy" rating in a research note on Monday, August 4th. Wells Fargo & Company raised their price objective on shares of Ares Management from $189.00 to $202.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, JMP Securities raised their price objective on shares of Ares Management from $195.00 to $205.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

Insider Buying and Selling at Ares Management

In related news, CEO Michael J. Arougheti sold 136,516 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $182.74, for a total transaction of $24,946,933.84. Following the transaction, the chief executive officer owned 311,728 shares of the company's stock, valued at approximately $56,965,174.72. This trade represents a 30.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Antony P. Ressler sold 196,197 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $178.79, for a total transaction of $35,078,061.63. Following the transaction, the chairman directly owned 1,424,538 shares in the company, valued at approximately $254,693,149.02. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,590,000 shares of company stock worth $464,430,639. 0.52% of the stock is owned by insiders.

Ares Management Price Performance

ARES stock opened at $163.00 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.08 and a current ratio of 1.08. Ares Management Corporation has a 52 week low of $110.63 and a 52 week high of $200.49. The firm's fifty day moving average is $181.71 and its 200 day moving average is $167.15. The firm has a market cap of $53.25 billion, a P/E ratio of 94.22, a P/E/G ratio of 1.28 and a beta of 1.44.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Friday, August 1st. The asset manager reported $1.03 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.12). Ares Management had a net margin of 9.47% and a return on equity of 15.81%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.99 EPS. Research analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.48 annualized dividend and a dividend yield of 2.7%. Ares Management's dividend payout ratio (DPR) is currently 258.96%.

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.

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