Coldstream Capital Management Inc. Raises Stock Holdings in Ares Management Co. (NYSE:ARES)

Coldstream Capital Management Inc. lifted its stake in shares of Ares Management Co. (NYSE:ARES) by 24.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,237 shares of the asset manager’s stock after acquiring an additional 443 shares during the period. Coldstream Capital Management Inc.’s holdings in Ares Management were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARES. MetLife Investment Management LLC lifted its stake in shares of Ares Management by 0.7% during the 3rd quarter. MetLife Investment Management LLC now owns 11,538 shares of the asset manager’s stock worth $1,798,000 after purchasing an additional 76 shares during the period. Chicago Partners Investment Group LLC increased its stake in Ares Management by 1.4% in the third quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock valued at $1,070,000 after purchasing an additional 89 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Ares Management by 3.9% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after buying an additional 95 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Ares Management by 21.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock worth $87,000 after buying an additional 97 shares during the last quarter. Finally, West Oak Capital LLC boosted its stake in Ares Management by 40.0% in the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. UBS Group boosted their price objective on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley increased their target price on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their price target on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Ares Management has a consensus rating of “Hold” and a consensus target price of $169.64.

Insider Buying and Selling at Ares Management

In related news, insider David B. Kaplan sold 19,775 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $167.45, for a total value of $3,311,323.75. Following the sale, the insider now directly owns 230,225 shares of the company’s stock, valued at $38,551,176.25. This represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan Berry sold 20,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $160.07, for a total transaction of $3,201,400.00. Following the completion of the sale, the insider now directly owns 344,202 shares of the company’s stock, valued at $55,096,414.14. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 646,667 shares of company stock valued at $111,847,647 in the last ninety days. Insiders own 1.20% of the company’s stock.

Ares Management Price Performance

Shares of NYSE ARES opened at $182.45 on Monday. The company has a market capitalization of $57.12 billion, a price-to-earnings ratio of 84.08, a PEG ratio of 1.99 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. Ares Management Co. has a 1-year low of $112.83 and a 1-year high of $185.06. The business has a 50-day moving average of $170.12 and a 200-day moving average of $152.76.

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, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. During the same quarter last year, the firm posted $0.83 earnings per share. On average, equities analysts anticipate that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.93 dividend. 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 2.04%. Ares Management’s dividend payout ratio is currently 171.43%.

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.