Ossiam Decreases Stock Position in Ares Management Co. (NYSE:ARES)

Ossiam decreased its position in shares of Ares Management Co. (NYSE:ARES) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,780 shares of the asset manager’s stock after selling 2,873 shares during the period. Ossiam’s holdings in Ares Management were worth $1,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ARES. Versant Capital Management Inc increased its stake in Ares Management by 67.0% in the fourth 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 purchased a new stake in Ares Management in the 4th quarter valued at about $36,000. GAMMA Investing LLC boosted its position 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 during the period. Avalon Trust Co bought a new position in Ares Management in the 4th quarter worth about $53,000. Finally, Private Trust Co. NA raised its stake in shares of Ares Management by 43.0% during the fourth quarter. Private Trust Co. NA now owns 336 shares of the asset manager’s stock valued at $59,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insiders Place Their Bets

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

Ares Management Stock Up 1.3 %

Shares of ARES stock opened at $141.35 on Monday. The stock’s fifty day moving average price is $152.94 and its 200 day moving average price is $168.49. Ares Management Co. has a 1-year low of $110.63 and a 1-year high of $200.49. The company has a market cap of $44.58 billion, a price-to-earnings ratio of 69.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. 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 (NYSE:ARES) last issued 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%. On average, research analysts expect that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The business 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 is a positive change from Ares Management’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, March 17th. This represents a $4.48 dividend on an annualized basis and a yield of 3.17%. Ares Management’s dividend payout ratio is presently 183.25%.

Analyst Ratings Changes

Several research analysts have commented on the company. JMP Securities upgraded Ares Management from a “market perform” rating to a “market outperform” rating and set a $165.00 price objective on the stock in a report on Tuesday, April 8th. Oppenheimer upgraded Ares Management from a “market perform” rating to an “outperform” rating and set a $159.00 price objective for the company in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on shares of Ares Management from $188.00 to $166.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Barclays reduced their price target on shares of Ares Management from $217.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Finally, Citizens Jmp upgraded shares of Ares Management from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.