Brown Financial Advisors Purchases Shares of 5,186 Ares Management Co. (NYSE:ARES)

Brown Financial Advisors acquired a new position in shares of Ares Management Co. (NYSE:ARES) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,186 shares of the asset manager’s stock, valued at approximately $691,000.

Other hedge funds have also modified their holdings of the company. Compass Wealth Management LLC acquired a new stake in Ares Management in the 1st quarter valued at $28,000. Riverview Trust Co acquired a new stake in shares of Ares Management in the first quarter valued at about $29,000. West Oak Capital LLC raised its holdings in Ares Management by 66.7% during the first quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. J.Safra Asset Management Corp boosted its position in Ares Management by 717.6% during the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 244 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its position in Ares Management by 29,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 292 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Ares Management Stock Up 0.3 %

ARES opened at $156.31 on Wednesday. The stock has a fifty day moving average of $146.27 and a 200-day moving average of $140.45. The company has a market capitalization of $48.43 billion, a P/E ratio of 70.09, a P/E/G ratio of 1.47 and a beta of 1.21. Ares Management Co. has a fifty-two week low of $96.00 and a fifty-two week high of $159.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last released its quarterly earnings results 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 business had revenue of $788.68 million for the quarter, compared to analyst estimates of $860.09 million. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. During the same period last year, the firm earned $0.90 earnings per share. On average, equities analysts expect that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, September 16th. Ares Management’s dividend payout ratio (DPR) is currently 166.82%.

Insider Buying and Selling

In other Ares Management news, Chairman Bennett Rosenthal sold 27,172 shares of Ares Management stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,958,145.24. Following the completion of the transaction, the chairman now directly owns 222,828 shares of the company’s stock, valued at approximately $32,459,354.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ares Management news, Chairman Bennett Rosenthal sold 27,172 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $145.67, for a total transaction of $3,958,145.24. Following the sale, the chairman now directly owns 222,828 shares in the company, valued at $32,459,354.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Berry sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $154.40, for a total transaction of $1,930,000.00. Following the completion of the transaction, the insider now directly owns 376,702 shares in the company, valued at $58,162,788.80. The disclosure for this sale can be found here. Insiders have sold 604,316 shares of company stock valued at $87,718,000 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ARES has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. TD Cowen lifted their price target on Ares Management from $158.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company assumed coverage on Ares Management in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $142.85.

Ares Management 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.