Ares Management Corporation $ARES Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Ares Management Corporation by 128.7%, acquiring an additional 27,310 shares, bringing its total holdings to 48,523 shares valued at approximately $7.1 million.
• Ares Management recently reported an EPS of $1.03 for the last quarter, missing expectations, while its revenue of $1.35 billion exceeded analyst estimates.
• The company declared a quarterly dividend of $1.12 per share, representing an annual yield of 2.4%, with the dividend payout ratio standing at 258.96%.

Quantbot Technologies LP lifted its position in Ares Management Corporation (NYSE:ARES - Free Report) by 128.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,523 shares of the asset manager's stock after acquiring an additional 27,310 shares during the period. Quantbot Technologies LP's holdings in Ares Management were worth $7,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of Ares Management by 65.3% in the first quarter. Brooklyn Investment Group now owns 1,040 shares of the asset manager's stock worth $152,000 after acquiring an additional 411 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Ares Management by 198.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 4,546 shares of the asset manager's stock worth $665,000 after acquiring an additional 3,021 shares during the last quarter. Partners Group Holding AG boosted its stake in shares of Ares Management by 53.6% in the first quarter. Partners Group Holding AG now owns 386,336 shares of the asset manager's stock worth $56,641,000 after acquiring an additional 134,778 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Ares Management by 0.3% in the first quarter. Raymond James Financial Inc. now owns 1,902,603 shares of the asset manager's stock worth $278,941,000 after acquiring an additional 5,424 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Ares Management by 40.0% in the first quarter. Cresset Asset Management LLC now owns 24,409 shares of the asset manager's stock worth $3,579,000 after acquiring an additional 6,970 shares during the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ARES shares. Royal Bank Of Canada lifted their price objective on Ares Management from $195.00 to $215.00 and gave the stock an "outperform" rating in a research report on Monday. Raymond James Financial started coverage on Ares Management in a research report on Monday, July 28th. They set a "market perform" rating on the stock. Barclays lifted their price objective on Ares Management from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their price objective on Ares Management from $193.00 to $203.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Oppenheimer downgraded Ares Management from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Ares Management currently has an average rating of "Moderate Buy" and an average price target of $180.06.

Insiders Place Their Bets

In other Ares Management news, Chairman Bennett Rosenthal sold 85,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $168.79, for a total transaction of $14,347,150.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Antony P. Ressler sold 105,394 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $181.65, for a total value of $19,144,820.10. Following the sale, the chairman owned 1,733,257 shares in the company, valued at approximately $314,846,134.05. This trade represents a 5.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 992,628 shares of company stock worth $177,736,922 in the last quarter. 36.86% of the stock is owned by company insiders.

Ares Management Trading Up 1.5%

NYSE:ARES traded up $2.5950 on Friday, reaching $180.8550. The company's stock had a trading volume of 1,500,347 shares, compared to its average volume of 1,350,245. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $200.49. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm has a market cap of $59.09 billion, a price-to-earnings ratio of 104.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The stock has a 50 day moving average price of $179.73 and a 200 day moving average price of $166.10.

Ares Management (NYSE:ARES - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The asset manager reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.12). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.02 billion. Ares Management had a net margin of 9.47% and a return on equity of 15.81%. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, equities analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $1.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $4.48 annualized dividend and a yield of 2.5%. Ares Management's dividend payout ratio is 258.96%.

About Ares Management

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.