Ares Management Co. (NYSE:ARES) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ares Management Co. (NYSE:ARES) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 807,971 shares of the asset manager’s stock after buying an additional 85,845 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ares Management were worth $125,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARES. Eastern Bank acquired a new stake in shares of Ares Management during the 3rd quarter valued at about $39,000. West Oak Capital LLC increased its position in shares of Ares Management by 40.0% in the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. Key Financial Inc purchased a new position in shares of Ares Management during the 2nd quarter valued at approximately $53,000. Industrial Alliance Investment Management Inc. grew its stake in Ares Management by 80.4% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 201 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Ares Management in the 2nd quarter worth $78,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Activity

In other news, insider Ryan Berry sold 1,671 shares of the company’s 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 transaction, the insider now directly owns 253,214 shares of the company’s stock, valued at $44,312,450. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Bennett Rosenthal sold 26,579 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.66, for a total transaction of $3,791,760.14. Following the completion of the sale, the chairman now owns 75,000 shares of the company’s stock, valued at $10,699,500. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 602,357 shares of company stock valued at $97,672,269 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Ares Management Stock Up 1.1 %

Ares Management stock opened at $176.73 on Monday. The company has a market capitalization of $55.33 billion, a P/E ratio of 81.44, a PEG ratio of 1.92 and a beta of 1.20. Ares Management Co. has a fifty-two week low of $107.69 and a fifty-two week high of $180.38. The stock has a 50-day simple moving average of $165.96 and a 200-day simple moving average of $150.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 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 period in the previous year, the business posted $0.83 earnings per share. Equities research analysts expect that Ares Management Co. will post 4.06 earnings per share for the current year.

Ares Management Announces Dividend

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 given a dividend of $0.93 per share. 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 2.10%. Ares Management’s payout ratio is currently 171.43%.

Analyst Ratings Changes

Several research firms have issued reports on ARES. Morgan Stanley increased 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. The Goldman Sachs Group lifted their price objective on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Redburn Atlantic began coverage on Ares Management in a report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price for the company. TD Cowen lifted their price target on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $166.36.

About Ares Management

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.