DekaBank Deutsche Girozentrale Buys 17,293 Shares of Ares Management Co. (NYSE:ARES)

DekaBank Deutsche Girozentrale raised its stake in Ares Management Co. (NYSE:ARES - Free Report) by 70.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,746 shares of the asset manager's stock after acquiring an additional 17,293 shares during the period. DekaBank Deutsche Girozentrale's holdings in Ares Management were worth $4,987,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tritonpoint Wealth LLC bought a new stake in shares of Ares Management during the fourth quarter worth $706,000. Prime Capital Investment Advisors LLC grew its holdings in shares of Ares Management by 404.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 38,815 shares of the asset manager's stock worth $4,616,000 after purchasing an additional 31,124 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Ares Management by 187.9% during the fourth quarter. Allworth Financial LP now owns 475 shares of the asset manager's stock worth $56,000 after purchasing an additional 310 shares during the last quarter. Capital Insight Partners LLC grew its holdings in shares of Ares Management by 9.2% during the fourth quarter. Capital Insight Partners LLC now owns 4,494 shares of the asset manager's stock worth $534,000 after purchasing an additional 378 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Ares Management during the fourth quarter worth $216,650,000. 50.03% of the stock is currently owned by institutional investors.

Ares Management Trading Down 2.0 %

NYSE:ARES traded down $2.73 during mid-day trading on Friday, hitting $131.34. The company had a trading volume of 976,755 shares, compared to its average volume of 1,022,465. Ares Management Co. has a fifty-two week low of $77.97 and a fifty-two week high of $139.48. The business's fifty day moving average is $133.23 and its two-hundred day moving average is $118.79. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $40.66 billion, a P/E ratio of 54.95, a P/E/G ratio of 0.98 and a beta of 1.17.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Thursday, February 8th. The asset manager reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. Ares Management had a return on equity of 21.01% and a net margin of 13.06%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $862.71 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. As a group, research analysts expect that Ares Management Co. will post 4.62 earnings per share for the current year.

Ares Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Ares Management's previous quarterly dividend of $0.77. Ares Management's dividend payout ratio (DPR) is currently 155.65%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ARES shares. Barclays decreased their target price on Ares Management from $157.00 to $153.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group increased their target price on Ares Management from $156.00 to $160.00 and gave the stock a "buy" rating in a report on Friday. JMP Securities reaffirmed a "market perform" rating on shares of Ares Management in a research note on Tuesday. Wells Fargo & Company upped their price target on Ares Management from $112.00 to $126.00 and gave the company an "equal weight" rating in a research note on Friday, February 9th. Finally, Jefferies Financial Group lowered Ares Management from a "buy" rating to a "hold" rating and set a $122.00 price target on the stock. in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $126.17.

Insider Transactions at Ares Management

In other news, insider R. Kipp Deveer sold 80,637 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.25, for a total transaction of $10,906,154.25. Following the sale, the insider now owns 1,116,676 shares of the company's stock, valued at $151,030,429. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider R. Kipp Deveer sold 80,637 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.25, for a total transaction of $10,906,154.25. Following the sale, the insider now owns 1,116,676 shares of the company's stock, valued at $151,030,429. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Antony P. Ressler sold 114,492 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $131.97, for a total value of $15,109,509.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,300,871 shares of company stock valued at $173,683,187 over the last 90 days. 47.34% of the stock is owned by company insiders.

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.