Ares Management Co. (NYSE:ARES) Shares Sold by Ossiam

Ossiam lowered its position in Ares Management Co. (NYSE:ARES) by 22.7% in the fourth quarter, HoldingsChannel reports. The fund owned 9,780 shares of the asset manager’s stock after selling 2,873 shares during the quarter. Ossiam’s holdings in Ares Management were worth $1,731,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in Ares Management by 67.0% in the 4th quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock worth $29,000 after purchasing an additional 65 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Ares Management during the 4th quarter worth about $36,000. GAMMA Investing LLC lifted its stake in Ares Management by 53.4% in the 4th quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock valued at $40,000 after buying an additional 79 shares in the last quarter. Avalon Trust Co acquired a new stake in Ares Management in the 4th quarter worth about $53,000. Finally, Private Trust Co. NA increased its stake in Ares Management by 43.0% during the 4th quarter. Private Trust Co. NA now owns 336 shares of the asset manager’s stock worth $59,000 after buying an additional 101 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Stock Performance

NYSE ARES opened at $141.35 on Monday. The stock has a market cap of $44.58 billion, a PE ratio of 69.63, a P/E/G ratio of 1.28 and a beta of 1.32. Ares Management Co. has a twelve month low of $110.63 and a twelve month high of $200.49. The stock has a fifty day simple moving average of $152.94 and a 200-day simple moving average of $168.49. 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 announced 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 net margin of 11.35% and a return on equity of 16.64%. Equities analysts anticipate that Ares Management Co. will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.17%. This is a boost from Ares Management’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, March 17th. Ares Management’s dividend payout ratio is 183.25%.

Insider Transactions at Ares Management

In related news, CEO Michael J. Arougheti sold 110,845 shares of Ares Management stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $153.17, for a total value of $16,978,128.65. Following the completion of the transaction, the chief executive officer now owns 1,400,000 shares in the company, valued at approximately $214,438,000. The trade was a 7.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R. Kipp Deveer sold 78,933 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $190.02, for a total transaction of $14,998,848.66. Following the sale, the insider now directly owns 1,150,000 shares in the company, valued at approximately $218,523,000. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 329,113 shares of company stock worth $54,409,915 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ARES shares. Citizens Jmp raised Ares Management from a “market perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. TD Cowen lowered their price target on shares of Ares Management from $216.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays decreased their target price on shares of Ares Management from $217.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group cut their price target on Ares Management from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.00.

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.