Ares Management Co. (NYSE:ARES) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in Ares Management Co. (NYSE:ARES - Free Report) by 115.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,930 shares of the asset manager's stock after acquiring an additional 2,110 shares during the quarter. Vise Technologies Inc.'s holdings in Ares Management were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Elequin Capital LP purchased a new stake in shares of Ares Management during the 4th quarter valued at about $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ares Management by 19.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 967,728 shares of the asset manager's stock valued at $171,317,000 after acquiring an additional 159,757 shares during the last quarter. WBI Investments LLC purchased a new stake in shares of Ares Management during the 4th quarter valued at about $523,000. Toronto Dominion Bank boosted its holdings in shares of Ares Management by 10.7% during the 4th quarter. Toronto Dominion Bank now owns 25,175 shares of the asset manager's stock valued at $4,456,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Siemens Fonds Invest GmbH boosted its holdings in shares of Ares Management by 1,693.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 36,076 shares of the asset manager's stock valued at $6,387,000 after acquiring an additional 34,065 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Michael J. Arougheti sold 110,845 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $153.17, for a total transaction of $16,978,128.65. Following the transaction, the chief executive officer now owns 1,400,000 shares in the company, valued at $214,438,000. This trade represents a 7.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David B. Kaplan sold 69,526 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $160.99, for a total value of $11,192,990.74. Following the transaction, the insider now owns 30,474 shares in the company, valued at $4,906,009.26. This trade represents a 69.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 972,035 shares of company stock worth $160,322,465. 0.52% of the stock is owned by company insiders.

Ares Management Stock Performance

Ares Management stock traded down $1.52 during mid-day trading on Friday, reaching $163.38. 249,862 shares of the company traded hands, compared to its average volume of 1,419,116. Ares Management Co. has a fifty-two week low of $110.63 and a fifty-two week high of $200.49. The firm's fifty day moving average is $151.52 and its two-hundred day moving average is $167.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $53.36 billion, a price-to-earnings ratio of 80.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40.

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, topping the consensus estimate of $0.94 by $0.15. Ares Management had a net margin of 11.35% and a return on equity of 16.64%. The business had revenue of $951.96 million during the quarter, compared to the consensus estimate of $914.00 million. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, equities research analysts expect that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.12 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.48 annualized dividend and a yield of 2.74%. Ares Management's dividend payout ratio (DPR) is presently 263.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ARES shares. Oppenheimer downgraded shares of Ares Management from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. The Goldman Sachs Group reduced their price objective on shares of Ares Management from $188.00 to $166.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Bank of America reduced their price objective on shares of Ares Management from $221.00 to $201.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Morgan Stanley reduced their price objective on shares of Ares Management from $197.00 to $152.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, TD Cowen reduced their price objective 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 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, Ares Management presently has an average rating of "Moderate Buy" and a consensus price target of $174.94.

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.