Ares Management Corporation (NYSE:ARES) Shares Bought by Round Rock Advisors LLC

Round Rock Advisors LLC increased its holdings in Ares Management Corporation (NYSE:ARES - Free Report) by 120.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,869 shares of the asset manager's stock after purchasing an additional 1,566 shares during the period. Round Rock Advisors LLC's holdings in Ares Management were worth $421,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Huntington National Bank boosted its stake in Ares Management by 9.8% during the fourth quarter. Huntington National Bank now owns 704 shares of the asset manager's stock worth $125,000 after buying an additional 63 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Ares Management by 1.4% during the fourth quarter. Frank Rimerman Advisors LLC now owns 4,775 shares of the asset manager's stock worth $845,000 after buying an additional 65 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Ares Management by 3.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,168 shares of the asset manager's stock worth $384,000 after buying an additional 70 shares during the period. Canton Hathaway LLC boosted its stake in Ares Management by 9.5% during the first quarter. Canton Hathaway LLC now owns 865 shares of the asset manager's stock worth $127,000 after buying an additional 75 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Ares Management by 1.8% during the first quarter. Bessemer Group Inc. now owns 4,360 shares of the asset manager's stock worth $639,000 after buying an additional 78 shares during the period. Institutional investors own 50.03% of the company's stock.

Insider Buying and Selling at Ares Management

In other news, Chairman Bennett Rosenthal sold 85,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $168.79, for a total transaction of $14,347,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 107,500 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 1,400,000 shares in the company, valued at approximately $225,876,000. This trade represents a 7.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 873,145 shares of company stock valued at $146,204,353. 36.86% of the stock is currently owned by insiders.

Ares Management Stock Down 1.5%

NYSE:ARES traded down $2.73 during mid-day trading on Friday, reaching $177.40. The company's stock had a trading volume of 713,906 shares, compared to its average volume of 1,428,369. Ares Management Corporation has a 1 year low of $110.63 and a 1 year high of $200.49. The stock has a fifty day moving average of $168.99 and a 200-day moving average of $166.48. The firm has a market capitalization of $57.94 billion, a PE ratio of 104.35, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. 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 (NYSE:ARES - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The asset manager reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.15. The company had revenue of $951.96 million during the quarter, compared to analyst estimates 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 earnings per share. Equities research analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared 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. This represents a $4.48 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, June 16th. Ares Management's payout ratio is 263.53%.

Analyst Ratings Changes

Several research analysts have commented on the stock. 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 note on Tuesday, April 8th. The Goldman Sachs Group lowered their target price on shares of Ares Management from $188.00 to $166.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Oppenheimer lowered shares of Ares Management from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Bank of America lowered their target price on shares of Ares Management from $221.00 to $201.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Finally, Morgan Stanley lowered 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 note on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Ares Management has a consensus rating of "Moderate Buy" and an average price target of $176.88.

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.