Quotient Wealth Partners LLC Sells 75 Shares of Ares Management Co. (NYSE:ARES)

Quotient Wealth Partners LLC lowered its holdings in shares of Ares Management Co. (NYSE:ARES) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,206 shares of the asset manager’s stock after selling 75 shares during the period. Quotient Wealth Partners LLC’s holdings in Ares Management were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Ares Management by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock worth $1,284,773,000 after buying an additional 679,462 shares during the last quarter. FMR LLC raised its position in shares of Ares Management by 1.0% during the 3rd quarter. FMR LLC now owns 6,301,709 shares of the asset manager’s stock valued at $982,058,000 after acquiring an additional 63,851 shares during the last quarter. State Street Corp lifted its stake in shares of Ares Management by 5.1% in the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock valued at $596,318,000 after purchasing an additional 187,184 shares during the period. Franklin Resources Inc. boosted its position in shares of Ares Management by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager’s stock worth $600,830,000 after purchasing an additional 18,773 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Ares Management by 6.3% during the third quarter. Geode Capital Management LLC now owns 2,950,451 shares of the asset manager’s stock worth $459,580,000 after purchasing an additional 175,627 shares during the period. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Down 0.7 %

Shares of Ares Management stock opened at $190.36 on Monday. Ares Management Co. has a 52-week low of $125.23 and a 52-week high of $200.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day simple moving average is $183.68 and its 200 day simple moving average is $165.73. The firm has a market cap of $59.59 billion, a PE ratio of 93.77, a P/E/G ratio of 1.46 and a beta of 1.18.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 16.64% and a net margin of 11.35%. On average, analysts predict that Ares Management Co. will post 5.53 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $1.12 dividend. This is a boost from Ares Management’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, March 17th. This represents a $4.48 annualized dividend and a dividend yield of 2.35%. Ares Management’s dividend payout ratio (DPR) is presently 183.25%.

Insider Activity at Ares Management

In other news, insider R. Kipp Deveer sold 115,838 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the transaction, the insider now directly owns 1,259,162 shares in the company, valued at $223,916,778.46. The trade was a 8.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Berry sold 14,357 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total transaction of $2,586,557.12. Following the completion of the sale, the insider now owns 233,214 shares of the company’s stock, valued at $42,015,834.24. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 554,167 shares of company stock valued at $96,493,348. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group raised their target price on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. TD Cowen lifted their price objective on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods raised shares of Ares Management from a “market perform” rating to an “outperform” rating and upped their target price for the company from $166.00 to $202.00 in a research note on Friday, December 20th. Barclays reduced their price target on shares of Ares Management from $224.00 to $217.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.17.

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.