Fiduciary Family Office LLC bought a new position in Ares Management Corporation (NYSE:ARES - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,191 shares of the asset manager's stock, valued at approximately $468,000.
Several other large investors have also recently made changes to their positions in ARES. Russell Investments Group Ltd. grew its position in Ares Management by 20.2% in the fourth quarter. Russell Investments Group Ltd. now owns 28,870 shares of the asset manager's stock worth $5,125,000 after acquiring an additional 4,842 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Ares Management by 170.3% during the fourth quarter. Cerity Partners LLC now owns 27,346 shares of the asset manager's stock valued at $4,807,000 after buying an additional 17,229 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Ares Management during the fourth quarter valued at approximately $8,427,000. Bessemer Group Inc. boosted its holdings in shares of Ares Management by 16.1% in the fourth quarter. Bessemer Group Inc. now owns 4,282 shares of the asset manager's stock valued at $759,000 after purchasing an additional 594 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Ares Management by 1.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 81,365 shares of the asset manager's stock valued at $14,404,000 after purchasing an additional 1,390 shares during the period. 50.03% of the stock is owned by institutional investors.
Ares Management Stock Performance
Shares of ARES stock opened at $188.53 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. Ares Management Corporation has a 52 week low of $110.63 and a 52 week high of $200.49. The stock has a market capitalization of $61.57 billion, a PE ratio of 108.98, a P/E/G ratio of 1.47 and a beta of 1.40. The firm has a 50 day moving average of $176.48 and a two-hundred day moving average of $166.57.
Ares Management (NYSE:ARES - Get Free Report) last issued its quarterly 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 16.49%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business earned $0.99 EPS. On average, research analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.
Ares Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Ares Management's payout ratio is 258.96%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ARES. JMP Securities upped their target price on Ares Management from $195.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday. Wells Fargo & Company upped their price target on Ares Management from $189.00 to $202.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Oppenheimer downgraded Ares Management from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods upped their target price on Ares Management from $193.00 to $203.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Morgan Stanley cut their price target on Ares Management from $197.00 to $152.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.19.
Check Out Our Latest Research Report on Ares Management
Insider Transactions at Ares Management
In related news, Chairman Bennett Rosenthal sold 85,000 shares of Ares Management stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $168.79, for a total transaction of $14,347,150.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael J. Arougheti sold 107,500 shares of Ares Management stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $161.34, for a total transaction of $17,344,050.00. Following the completion of the transaction, the chief executive officer owned 1,400,000 shares in the company, valued at approximately $225,876,000. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 873,145 shares of company stock valued at $146,204,353. Insiders own 36.86% of the company's stock.
Ares Management Profile
(
Free Report)
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ares Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Management wasn't on the list.
While Ares Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.