Captrust Financial Advisors Grows Holdings in Ares Management Co. (NYSE:ARES)

Captrust Financial Advisors lifted its position in shares of Ares Management Co. (NYSE:ARES) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,064 shares of the asset manager’s stock after buying an additional 252 shares during the quarter. Captrust Financial Advisors’ holdings in Ares Management were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Ares Management by 58.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager’s stock worth $674,183,000 after buying an additional 1,867,933 shares during the last quarter. Lone Pine Capital LLC purchased a new position in Ares Management during the second quarter worth approximately $209,884,000. Millennium Management LLC boosted its holdings in shares of Ares Management by 722.6% in the 2nd quarter. Millennium Management LLC now owns 1,738,148 shares of the asset manager’s stock valued at $231,660,000 after purchasing an additional 1,526,856 shares during the last quarter. LRI Investments LLC grew its stake in shares of Ares Management by 49.4% during the 2nd quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager’s stock valued at $376,191,000 after buying an additional 933,664 shares during the period. Finally, M&G Plc increased its holdings in shares of Ares Management by 711.1% during the 2nd quarter. M&G Plc now owns 1,015,009 shares of the asset manager’s stock worth $134,996,000 after buying an additional 889,872 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insiders Place Their Bets

In other Ares Management news, Chairman Bennett Rosenthal sold 75,000 shares of Ares Management stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $143.05, for a total value of $10,728,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Arougheti sold 20,096 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $167.44, for a total transaction of $3,364,874.24. Following the sale, the chief executive officer now directly owns 229,904 shares in the company, valued at $38,495,125.76. This trade represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 598,530 shares of company stock valued at $100,265,260 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Ares Management Stock Up 0.6 %

Shares of Ares Management stock opened at $178.07 on Monday. Ares Management Co. has a 1-year low of $107.82 and a 1-year high of $180.38. The company has a market capitalization of $55.75 billion, a PE ratio of 82.06, a P/E/G ratio of 1.93 and a beta of 1.19. 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 business has a 50-day moving average of $167.90 and a 200-day moving average of $151.53.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same period in the previous year, the business earned $0.83 EPS. As a group, equities analysts forecast that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.09%. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARES. Royal Bank of Canada lifted their target price on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Redburn Atlantic assumed coverage on shares of Ares Management in a report on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 price target on the stock. StockNews.com upgraded shares of Ares Management from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Barclays raised their target price on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $166.36.

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.