Bryn Mawr Capital Management LLC Takes Position in Ares Management Corporation (NYSE:ARES)

Bryn Mawr Capital Management LLC bought a new stake in Ares Management Corporation (NYSE:ARES - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,114 shares of the asset manager's stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in Ares Management by 12.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,227 shares of the asset manager's stock valued at $1,279,000 after acquiring an additional 777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Ares Management by 12.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,007 shares of the asset manager's stock valued at $1,063,000 after acquiring an additional 665 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Ares Management by 34.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 28,622 shares of the asset manager's stock valued at $5,067,000 after acquiring an additional 7,300 shares in the last quarter. Natixis Advisors LLC raised its holdings in Ares Management by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 41,757 shares of the asset manager's stock valued at $7,393,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in Ares Management by 25.6% in the fourth quarter. Harbour Investments Inc. now owns 398 shares of the asset manager's stock valued at $70,000 after acquiring an additional 81 shares in the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ares Management

In other Ares Management news, insider David B. Kaplan sold 62,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $169.36, for a total transaction of $10,585,000.00. Following the transaction, the insider owned 62,500 shares of the company's stock, valued at approximately $10,585,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bennett Rosenthal sold 85,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $168.79, for a total transaction of $14,347,150.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 873,145 shares of company stock valued at $146,204,353. Company insiders own 36.86% of the company's stock.

Ares Management Stock Performance

Shares of ARES stock traded down $0.04 during trading hours on Friday, reaching $183.13. The stock had a trading volume of 2,397,943 shares, compared to its average volume of 1,685,744. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. Ares Management Corporation has a twelve month low of $110.63 and a twelve month high of $200.49. The firm has a 50-day simple moving average of $170.38 and a 200-day simple moving average of $166.45. The firm has a market capitalization of $59.81 billion, a PE ratio of 107.72, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. The firm 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 earned $0.80 EPS. As a group, equities analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $1.12 per share. The ex-dividend date was Monday, June 16th. This represents a $4.48 annualized dividend and a yield of 2.45%. Ares Management's payout ratio is 263.53%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARES. Citizens Jmp raised shares of Ares Management from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their price target on shares of Ares Management from $197.00 to $152.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Ares Management from $188.00 to $166.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays raised their price target on shares of Ares Management from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, TD Cowen reduced their price target on shares of Ares Management from $216.00 to $161.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.50.

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.