Royal London Asset Management Ltd. Has $15.36 Million Holdings in Ares Management Co. (NYSE:ARES)

Royal London Asset Management Ltd. increased its stake in Ares Management Co. (NYSE:ARES) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,261 shares of the asset manager’s stock after buying an additional 4,501 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Ares Management were worth $15,362,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Compass Wealth Management LLC acquired a new stake in Ares Management during the 1st quarter valued at $28,000. Riverview Trust Co bought a new position in Ares Management during the 1st quarter worth $29,000. West Oak Capital LLC increased its position in Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock worth $33,000 after buying an additional 100 shares during the period. Global Retirement Partners LLC increased its position in Ares Management by 555.0% during the 1st quarter. Global Retirement Partners LLC now owns 262 shares of the asset manager’s stock worth $35,000 after buying an additional 222 shares during the period. Finally, TFO Wealth Partners LLC increased its position in shares of Ares Management by 29,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock worth $35,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARES shares. Royal Bank of Canada restated an “outperform” rating and issued a $150.00 price target on shares of Ares Management in a research report on Wednesday, May 22nd. UBS Group decreased their price target on Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. TD Cowen raised their price target on Ares Management from $158.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays lifted their target price on Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Redburn Atlantic assumed coverage on Ares Management in a research report on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Ares Management presently has an average rating of “Hold” and a consensus price target of $141.42.

Ares Management Price Performance

Ares Management stock opened at $143.83 on Friday. The stock’s 50 day moving average is $143.34 and its 200 day moving average is $138.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $44.56 billion, a P/E ratio of 64.50, a P/E/G ratio of 1.29 and a beta of 1.21. Ares Management Co. has a one year low of $96.00 and a one year high of $155.53.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $788.68 million for the quarter, compared to analyst estimates of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same period in the previous year, the firm earned $0.90 earnings per share. As a group, research analysts expect that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, September 16th. Ares Management’s dividend payout ratio is currently 166.82%.

Insider Buying and Selling

In other Ares Management news, insider David B. Kaplan sold 125,000 shares of Ares Management stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $131.94, for a total value of $16,492,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ares Management news, insider Ryan Berry sold 10,000 shares of Ares Management stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $142.12, for a total value of $1,421,200.00. Following the completion of the sale, the insider now directly owns 446,702 shares in the company, valued at $63,485,288.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David B. Kaplan sold 125,000 shares of Ares Management stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $131.94, for a total value of $16,492,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 779,315 shares of company stock valued at $109,487,356 over the last ninety days. 1.20% of the stock is owned by company insiders.

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.