Fjell Capital LLC Makes New $1.06 Million Investment in Ares Management Co. (NYSE:ARES)

Fjell Capital LLC acquired a new stake in shares of Ares Management Co. (NYSE:ARES) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,981 shares of the asset manager’s stock, valued at approximately $1,059,000.

Other institutional investors have also recently made changes to their positions in the company. Lake Street Advisors Group LLC boosted its position in Ares Management by 183.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 49,355 shares of the asset manager’s stock valued at $8,737,000 after buying an additional 31,930 shares during the period. LGL Partners LLC bought a new position in shares of Ares Management during the fourth quarter valued at about $209,000. FFT Wealth Management LLC bought a new position in shares of Ares Management during the fourth quarter valued at about $349,000. Canton Hathaway LLC boosted its holdings in shares of Ares Management by 12.9% during the fourth quarter. Canton Hathaway LLC now owns 790 shares of the asset manager’s stock worth $140,000 after purchasing an additional 90 shares during the period. Finally, Wrapmanager Inc. grew its stake in shares of Ares Management by 6.7% in the fourth quarter. Wrapmanager Inc. now owns 1,870 shares of the asset manager’s stock worth $331,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Transactions at Ares Management

In related 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 value of $20,599,471.54. Following the transaction, the insider now directly owns 1,259,162 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, insider Ryan Berry sold 14,357 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 233,214 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 214,571 shares of company stock valued at $39,165,379 over the last 90 days. Company insiders own 41.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ARES shares. TD Cowen increased their price objective on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Barclays cut their price target on shares of Ares Management from $224.00 to $217.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price on shares of Ares Management from $207.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $176.17.

Ares Management Trading Down 0.9 %

Shares of NYSE:ARES opened at $167.36 on Wednesday. The stock has a 50 day moving average of $184.43 and a 200 day moving average of $169.15. The company has a market cap of $52.39 billion, a PE ratio of 82.44, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18. Ares Management Co. has a 12-month low of $125.23 and a 12-month high of $200.49. 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 (NYSE:ARES) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share 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%. As a group, equities research analysts expect that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.68%. This is an increase from Ares Management’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, March 17th. Ares Management’s payout ratio is presently 183.25%.

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.