Ares Management Co. (NYSE:ARES) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in shares of Ares Management Co. (NYSE:ARES) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 673 shares of the asset manager’s stock after selling 76 shares during the period. Loomis Sayles & Co. L P’s holdings in Ares Management were worth $105,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARES. Eastern Bank acquired a new position in shares of Ares Management during the 3rd quarter valued at about $39,000. West Oak Capital LLC raised its stake in Ares Management by 40.0% during the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after purchasing an additional 100 shares during the period. Key Financial Inc acquired a new position in Ares Management in the 2nd quarter valued at about $53,000. Industrial Alliance Investment Management Inc. lifted its holdings in Ares Management by 80.4% in the second 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 last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Ares Management in the 2nd quarter valued at $78,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ARES shares. Barclays increased their price objective on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. The Goldman Sachs Group upped their price target on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, November 11th. UBS Group upped their target price on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic began coverage on shares of Ares Management in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 price target for the company. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.36.

Ares Management Price Performance

Shares of NYSE:ARES opened at $174.78 on Friday. 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 12 month low of $107.69 and a 12 month high of $180.38. The firm has a market capitalization of $54.72 billion, a P/E ratio of 80.54, a P/E/G ratio of 1.92 and a beta of 1.20. The company’s fifty day moving average price is $165.56 and its 200 day moving average price is $150.13.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same period in the previous year, the business earned $0.83 EPS. As a group, sell-side analysts predict that Ares Management Co. will post 4.06 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s payout ratio is currently 171.43%.

Insider Transactions at Ares Management

In other Ares Management news, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the completion of the sale, the insider now directly owns 456,702 shares of the company’s stock, valued at $64,276,239.48. This represents a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Arougheti sold 20,096 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $167.44, for a total transaction of $3,364,874.24. Following the completion of the sale, the chief executive officer now owns 229,904 shares of the company’s stock, valued at $38,495,125.76. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 602,357 shares of company stock worth $97,672,269. Insiders own 41.89% of the company’s stock.

Ares Management Company 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.