Robeco Institutional Asset Management B.V. Purchases Shares of 4,547 Ares Management Corporation (NYSE:ARES)

Robeco Institutional Asset Management B.V. purchased a new stake in Ares Management Corporation (NYSE:ARES - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,547 shares of the asset manager's stock, valued at approximately $667,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Transce3nd LLC acquired a new position in Ares Management in the 4th quarter worth $29,000. Johnson Financial Group Inc. boosted its stake 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 purchasing an additional 87 shares during the period. Elequin Capital LP bought a new stake in Ares Management during the 4th quarter worth about $33,000. Global Financial Private Client LLC lifted its position in Ares Management by 125.6% during the 1st quarter. Global Financial Private Client LLC now owns 264 shares of the asset manager's stock worth $39,000 after buying an additional 147 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in Ares Management by 3,262.5% during the 1st quarter. Rakuten Securities Inc. now owns 269 shares of the asset manager's stock worth $39,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company's stock.

Insider Buying and Selling

In other Ares Management news, CEO Michael J. Arougheti sold 107,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $161.34, for a total value of $17,344,050.00. Following the sale, the chief executive officer owned 1,400,000 shares in the company, valued at $225,876,000. This trade represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David B. Kaplan sold 33,145 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $165.12, for a total transaction of $5,472,902.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 873,145 shares of company stock worth $146,204,353. Corporate insiders own 36.86% of the company's stock.

Ares Management Stock Performance

Ares Management stock traded down $0.02 during trading hours on Friday, hitting $177.96. The company had a trading volume of 684,374 shares, compared to its average volume of 1,430,294. The firm has a market cap of $58.12 billion, a PE ratio of 104.68, a PEG ratio of 1.40 and a beta of 1.37. 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 one year low of $110.63 and a one year high of $200.49. The firm has a 50-day moving average of $166.68 and a 200 day moving average of $166.40.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share 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 period in the prior year, the firm earned $0.80 EPS. On average, sell-side analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.52%. Ares Management's payout ratio is presently 263.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JMP Securities boosted 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 report on Thursday, May 8th. Oppenheimer cut shares of Ares Management from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Barclays boosted their price target on shares of Ares Management from $142.00 to $182.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price target on shares of Ares Management from $182.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. 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 research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Ares Management has an average rating of "Moderate Buy" and a consensus target price of $174.94.

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.