Ares Management Corporation (NYSE:ARES) Stock Position Increased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 34,713 shares of the asset manager's stock after buying an additional 1,912 shares during the period. IFM Investors Pty Ltd's holdings in Ares Management were worth $5,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC lifted its stake in shares of Ares Management by 14.6% during the first quarter. OneDigital Investment Advisors LLC now owns 1,369 shares of the asset manager's stock valued at $201,000 after buying an additional 174 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Ares Management by 4.8% during the first quarter. Principal Financial Group Inc. now owns 3,354,032 shares of the asset manager's stock valued at $491,735,000 after buying an additional 152,169 shares during the period. Mutual Advisors LLC raised its stake in Ares Management by 6.4% during the first quarter. Mutual Advisors LLC now owns 5,165 shares of the asset manager's stock worth $795,000 after purchasing an additional 309 shares during the period. Teacher Retirement System of Texas raised its stake in Ares Management by 1,462.8% during the first quarter. Teacher Retirement System of Texas now owns 27,552 shares of the asset manager's stock worth $4,039,000 after purchasing an additional 25,789 shares during the period. Finally, Redmont Wealth Advisors LLC purchased a new position in Ares Management during the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 50.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 research note on Monday, April 14th. Bank of America cut their price target on shares of Ares Management from $221.00 to $201.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Oppenheimer downgraded shares of Ares Management from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. JMP Securities increased their price target on shares of Ares Management from $165.00 to $185.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 8th. Finally, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ares Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.94.

Insider Buying and Selling at Ares Management

In other news, 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 value of $14,347,150.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Arougheti sold 182,108 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $170.07, for a total transaction of $30,971,107.56. Following the completion of the transaction, the chief executive officer owned 350,684 shares in the company, valued at approximately $59,640,827.88. The trade was a 34.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 873,145 shares of company stock worth $146,204,353 in the last ninety days. 0.52% of the stock is owned by insiders.

Ares Management Stock Up 1.2%

ARES traded up $2.14 during trading hours on Wednesday, reaching $177.24. 277,793 shares of the stock traded hands, compared to its average volume of 1,426,237. The firm's fifty day simple moving average is $167.56 and its two-hundred day simple moving average is $166.42. The company has a market cap of $57.88 billion, a price-to-earnings ratio of 104.19, a PEG ratio of 1.37 and a beta of 1.37. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $200.49. 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 (NYSE:ARES - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.15. Ares Management had a net margin of 9.73% and a return on equity of 16.29%. The firm had revenue of $951.96 million for the quarter, compared to the consensus estimate of $914.00 million. During the same period in the prior year, the firm posted $0.80 EPS. As a group, analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.53%. Ares Management's dividend payout ratio (DPR) is 263.53%.

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.