Mattson Financial Services LLC Has $1.12 Million Position in Ares Management Co. (NYSE:ARES)

Mattson Financial Services LLC decreased its position in Ares Management Co. (NYSE:ARES - Free Report) by 27.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,320 shares of the asset manager's stock after selling 2,338 shares during the period. Mattson Financial Services LLC's holdings in Ares Management were worth $1,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARES. Transce3nd LLC purchased a new stake in Ares Management in the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. lifted its position in Ares Management by 104.8% in the 4th quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager's stock worth $30,000 after buying an additional 87 shares in the last quarter. Elequin Capital LP purchased a new stake in Ares Management in the 4th quarter worth approximately $33,000. Noble Wealth Management PBC purchased a new stake in Ares Management in the 4th quarter worth approximately $36,000. Finally, Avalon Trust Co purchased a new stake in Ares Management in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 50.03% of the company's stock.

Ares Management Stock Performance

ARES traded up $0.67 during trading on Friday, hitting $165.57. The stock had a trading volume of 3,004,163 shares, compared to its average volume of 1,427,415. The firm has a market cap of $54.07 billion, a PE ratio of 81.56, a P/E/G ratio of 1.28 and a beta of 1.40. Ares Management Co. has a 12 month low of $110.63 and a 12 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. The company has a 50 day simple moving average of $151.71 and a 200-day simple moving average of $167.30.

Ares Management (NYSE:ARES - Get Free Report) last announced its earnings results on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The firm had revenue of $951.96 million for the quarter, compared to the consensus estimate of $914.00 million. Ares Management had a net margin of 11.35% and a return on equity of 16.64%. During the same quarter last year, the firm posted $0.80 EPS. Analysts expect that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $1.12 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.48 annualized dividend and a yield of 2.71%. Ares Management's dividend payout ratio is 263.53%.

Insiders Place Their Bets

In other Ares Management news, CEO Michael J. Arougheti sold 110,845 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $153.17, for a total value of $16,978,128.65. Following the sale, the chief executive officer now directly owns 1,400,000 shares in the company, valued at $214,438,000. This trade represents a 7.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David B. Kaplan sold 69,526 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $160.99, for a total transaction of $11,192,990.74. Following the completion of the sale, the insider now owns 30,474 shares in the company, valued at $4,906,009.26. This represents a 69.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 972,035 shares of company stock worth $160,322,465 in the last ninety days. Insiders own 36.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JMP Securities increased their target price on shares of Ares Management from $165.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 8th. Morgan Stanley cut their target price on shares of 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. Oppenheimer downgraded shares of Ares Management from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Barclays raised their price target on shares of Ares Management from $142.00 to $182.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, TD Cowen cut their price target on shares of Ares Management from $216.00 to $161.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Ares Management presently has a consensus rating of "Moderate Buy" and an average price target of $174.94.

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.