Lion Street Advisors LLC Sells 148 Shares of Ares Management Co. (NYSE:ARES)

Lion Street Advisors LLC reduced its stake in Ares Management Co. (NYSE:ARES) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,242 shares of the asset manager’s stock after selling 148 shares during the period. Lion Street Advisors LLC’s holdings in Ares Management were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in shares of Ares Management by 6.5% in the 3rd quarter. Victory Capital Management Inc. now owns 65,417 shares of the asset manager’s stock valued at $10,195,000 after buying an additional 4,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ares Management by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 682,985 shares of the asset manager’s stock valued at $106,436,000 after purchasing an additional 36,476 shares in the last quarter. Toronto Dominion Bank lifted its stake in Ares Management by 31.2% during the third quarter. Toronto Dominion Bank now owns 22,750 shares of the asset manager’s stock worth $3,545,000 after purchasing an additional 5,404 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ares Management by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock valued at $1,284,773,000 after purchasing an additional 679,462 shares in the last quarter. Finally, Caldwell Investment Management Ltd. increased its stake in shares of Ares Management by 134.1% in the 4th quarter. Caldwell Investment Management Ltd. now owns 10,300 shares of the asset manager’s stock valued at $1,842,000 after purchasing an additional 5,900 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their target price on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Barclays reissued an “overweight” rating and set a $224.00 price objective on shares of Ares Management in a report on Monday, January 27th. Keefe, Bruyette & Woods upgraded Ares Management from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $166.00 to $202.00 in a report on Friday, December 20th. Finally, Morgan Stanley raised their price objective on shares of Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $176.08.

Insiders Place Their Bets

In other news, insider R. Kipp Deveer sold 115,838 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the completion of the sale, the insider now owns 1,259,162 shares in the company, valued at $223,916,778.46. The trade was a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan Berry sold 1,671 shares of Ares Management stock in a transaction on Monday, November 11th. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00. Following the completion of the sale, the insider now directly owns 253,214 shares of the company’s stock, valued at approximately $44,312,450. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 555,838 shares of company stock worth $96,785,773. 41.89% of the stock is currently owned by company insiders.

Ares Management Trading Down 2.9 %

ARES opened at $189.71 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The stock has a market cap of $59.39 billion, a PE ratio of 87.42, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. The company has a fifty day moving average of $182.78 and a 200-day moving average of $164.99. Ares Management Co. has a twelve month low of $124.11 and a twelve month high of $200.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 19.89% and a net margin of 12.51%. On average, sell-side analysts predict that Ares Management Co. will post 4.04 EPS for the current year.

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.