Ares Management Co. (NYSE:ARES) Stock Holdings Raised by Man Group plc

Man Group plc raised its stake in Ares Management Co. (NYSE:ARES - Free Report) by 39.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,400 shares of the asset manager's stock after purchasing an additional 7,432 shares during the period. Man Group plc's holdings in Ares Management were worth $4,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new stake in shares of Ares Management in the 4th quarter worth about $29,000. Johnson Financial Group Inc. grew its position in shares of Ares Management by 104.8% during the 4th quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager's stock valued at $30,000 after buying an additional 87 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Ares Management during the 4th quarter valued at about $36,000. Avalon Trust Co bought a new stake in shares of Ares Management during the 4th quarter valued at about $53,000. Finally, Private Trust Co. NA grew its position in shares of Ares Management by 43.0% during the 4th quarter. Private Trust Co. NA now owns 336 shares of the asset manager's stock valued at $59,000 after buying an additional 101 shares during the last quarter. Institutional investors own 50.03% of the company's stock.

Insider Transactions at Ares Management

In related news, CEO Michael J. Arougheti sold 182,108 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $170.07, for a total transaction of $30,971,107.56. Following the completion of the sale, the chief executive officer now directly owns 350,684 shares of the company's stock, valued at $59,640,827.88. This represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ashish Bhutani bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $141.33 per share, with a total value of $1,413,300.00. Following the completion of the purchase, the director now owns 22,905 shares of the company's stock, valued at approximately $3,237,163.65. The trade was a 77.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 685,180 shares of company stock valued at $113,177,573. Company insiders own 36.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ARES shares. Citizens Jmp raised shares of Ares Management from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research report on Tuesday, April 8th. Barclays boosted their price objective on shares of Ares Management from $142.00 to $182.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Wolfe Research set a $193.00 price objective on shares of Ares Management and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Ares Management from $156.00 to $182.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, TD Cowen lowered their price objective on shares of Ares Management from $216.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $174.50.

Ares Management Trading Down 4.2%

Shares of NYSE:ARES opened at $159.10 on Thursday. The company has a 50 day moving average of $149.79 and a 200-day moving average of $167.57. The firm has a market cap of $51.96 billion, a P/E ratio of 78.38, a P/E/G ratio of 1.28 and a beta of 1.40. Ares Management Co. has a twelve month low of $110.63 and a twelve month high of $200.49. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53.

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

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 16th. Ares Management's dividend payout ratio is currently 263.53%.

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.

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