Ares Management Corporation (NYSE:ARES) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 17.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185,137 shares of the asset manager's stock after selling 37,941 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.06% of Ares Management worth $27,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC bought a new position in shares of Ares Management during the fourth quarter worth approximately $29,000. Johnson Financial Group Inc. increased its stake in shares of Ares Management by 104.8% during the fourth quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager's stock worth $30,000 after purchasing an additional 87 shares during the period. Elequin Capital LP bought a new position in shares of Ares Management during the fourth quarter worth approximately $33,000. Redmont Wealth Advisors LLC bought a new position in Ares Management during the 1st quarter worth $28,000. Finally, Global Financial Private Client LLC increased its stake in Ares Management by 125.6% during the 1st quarter. Global Financial Private Client LLC now owns 264 shares of the asset manager's stock worth $39,000 after acquiring an additional 147 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 107,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $161.34, for a total value of $17,344,050.00. Following the sale, the chief executive officer directly owned 1,400,000 shares in the company, valued at $225,876,000. The trade was a 7.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David B. Kaplan sold 33,145 shares of Ares Management stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $165.12, for a total transaction of $5,472,902.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 873,145 shares of company stock worth $146,204,353. Insiders own 36.86% of the company's stock.

Ares Management Stock Up 0.5%

Shares of NYSE:ARES traded up $0.98 on Friday, hitting $184.15. 792,509 shares of the company traded hands, compared to its average volume of 1,432,240. The company has a market cap of $60.14 billion, a PE ratio of 108.47, a PEG ratio of 1.47 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $170.38 and a 200-day simple moving average of $166.45. Ares Management Corporation has a 52 week low of $110.63 and a 52 week high of $200.49.

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 the consensus estimate of $0.94 by $0.15. The business had revenue of $951.96 million for the quarter, compared to analysts' expectations of $914.00 million. Ares Management had a net margin of 9.73% and a return on equity of 16.29%. During the same quarter last year, the company posted $0.80 EPS. As a group, research analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $1.12 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.48 dividend on an annualized basis and a yield of 2.43%. Ares Management's dividend payout ratio is currently 263.53%.

Analyst Upgrades and Downgrades

ARES has been the topic of a number of research analyst reports. JMP Securities set a $195.00 target price on Ares Management and gave the company a "market outperform" rating in a report on Monday. Citigroup reaffirmed an "outperform" rating on shares of Ares Management in a research report on Monday. Citizens Jmp raised 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. Morgan Stanley decreased their target price on Ares Management from $197.00 to $152.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company lifted their price target on Ares Management from $189.00 to $202.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Ares Management has a consensus rating of "Moderate Buy" and a consensus price target of $177.50.

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.