DSM Capital Partners LLC Purchases 87 Shares of Ares Management Corporation $ARES

DSM Capital Partners LLC grew its position in Ares Management Corporation (NYSE:ARES) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,080 shares of the asset manager’s stock after purchasing an additional 87 shares during the period. DSM Capital Partners LLC’s holdings in Ares Management were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Ares Management by 2.0% in the first quarter. Vanguard Group Inc. now owns 19,189,991 shares of the asset manager’s stock valued at $2,813,445,000 after acquiring an additional 382,273 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Ares Management by 24.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,292 shares of the asset manager’s stock valued at $177,148,000 after acquiring an additional 240,564 shares during the last quarter. Strs Ohio acquired a new stake in shares of Ares Management in the first quarter valued at about $26,350,000. Westfield Capital Management Co. LP increased its position in shares of Ares Management by 18.3% in the first quarter. Westfield Capital Management Co. LP now owns 1,128,415 shares of the asset manager’s stock valued at $165,437,000 after acquiring an additional 174,645 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Ares Management by 4.8% in the first quarter. Principal Financial Group Inc. now owns 3,354,032 shares of the asset manager’s stock valued at $491,735,000 after acquiring an additional 152,169 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Antony P. Ressler sold 128,837 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $178.30, for a total transaction of $22,971,637.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,590,000 shares of company stock worth $464,430,639 in the last three months. Insiders own 36.86% of the company’s stock.

Analyst Upgrades and Downgrades

ARES has been the topic of a number of recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Ares Management in a research report on Monday, July 14th. Barclays lowered their target price on Ares Management from $200.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America lifted their target price on Ares Management from $196.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. JMP Securities lifted their target price on Ares Management from $195.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Finally, Cfra Research raised Ares Management to a “moderate buy” rating in a research report on Monday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average target price of $180.00.

Ares Management Price Performance

Shares of NYSE ARES opened at $140.84 on Friday. The business’s 50 day moving average price is $175.26 and its two-hundred day moving average price is $167.11. The company has a market cap of $46.01 billion, a PE ratio of 81.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Ares Management Corporation has a twelve month low of $110.63 and a twelve month high of $200.49.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, August 1st. The asset manager reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.12). Ares Management had a return on equity of 15.81% and a net margin of 9.47%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $0.99 EPS. On average, analysts predict that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Ares Management’s payout ratio is currently 258.96%.

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.