Ares Management Co. (NYSE:ARES) Shares Purchased by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. raised its stake in shares of Ares Management Co. (NYSE:ARES) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,780 shares of the asset manager’s stock after acquiring an additional 219 shares during the period. Institute for Wealth Management LLC.’s holdings in Ares Management were worth $2,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ARES. Versant Capital Management Inc lifted its holdings in Ares Management by 67.0% in the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 65 shares during the period. Point72 DIFC Ltd acquired a new position in Ares Management during the third quarter worth about $36,000. Eastern Bank purchased a new position in Ares Management in the third quarter valued at about $39,000. GAMMA Investing LLC lifted its position in shares of Ares Management by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 79 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after acquiring an additional 97 shares during the period. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Stock Performance

NYSE:ARES opened at $198.21 on Friday. The firm’s fifty day simple moving average is $181.11 and its 200 day simple moving average is $163.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a twelve month low of $119.76 and a twelve month high of $199.04. The firm has a market capitalization of $62.05 billion, a price-to-earnings ratio of 91.34, a PEG ratio of 1.47 and a beta of 1.18.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.58 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, equities research analysts expect that Ares Management Co. will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Ares Management

In other news, insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.00. Following the sale, the insider now owns 253,214 shares in the company, valued at approximately $44,312,450. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Arougheti sold 20,096 shares of Ares Management stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $167.44, for a total value of $3,364,874.24. Following the completion of the transaction, the chief executive officer now owns 229,904 shares of the company’s stock, valued at approximately $38,495,125.76. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 574,167 shares of company stock valued at $99,996,647 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARES. StockNews.com downgraded Ares Management from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. UBS Group increased their price target on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upgraded Ares Management from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $166.00 to $202.00 in a research report on Friday, December 20th. TD Cowen lifted their price objective on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.08.

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.