Siemens Fonds Invest GmbH Grows Position in Ares Management Co. (NYSE:ARES)

Siemens Fonds Invest GmbH raised its stake in shares of Ares Management Co. (NYSE:ARES) by 1,693.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 36,076 shares of the asset manager’s stock after purchasing an additional 34,065 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Ares Management were worth $6,387,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Ares Management in the fourth quarter worth $335,858,000. Charles Schwab Investment Management Inc. increased its position in shares of Ares Management by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,258 shares of the asset manager’s stock valued at $126,622,000 after purchasing an additional 32,273 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ares Management by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock worth $1,284,773,000 after buying an additional 679,462 shares during the last quarter. Donoghue Forlines LLC bought a new stake in Ares Management during the fourth quarter valued at approximately $1,498,000. Finally, Soros Capital Management LLC purchased a new stake in Ares Management during the fourth quarter valued at approximately $10,144,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Activity

In other Ares Management news, Chairman Bennett Rosenthal sold 69,809 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $161.01, for a total value of $11,239,947.09. Following the completion of the sale, the chairman now owns 30,191 shares of the company’s stock, valued at $4,861,052.91. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ashish Bhutani bought 10,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $141.33 per share, for a total transaction of $1,413,300.00. Following the purchase, the director now owns 22,905 shares of the company’s stock, valued at approximately $3,237,163.65. The trade was a 77.49% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 250,180 shares of company stock valued at $39,411,066. 36.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research set a $193.00 target price on Ares Management and gave the stock an “outperform” rating in a report on Tuesday, May 6th. TD Cowen lowered their price objective on Ares Management from $216.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company increased their target price on shares of Ares Management from $156.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Oppenheimer downgraded shares of Ares Management from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Bank of America dropped their price target on shares of Ares Management from $221.00 to $201.00 and set a “buy” rating for the company in a research report on Friday, April 4th. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.50.

Ares Management Stock Down 4.1%

Shares of ARES stock opened at $168.63 on Friday. Ares Management Co. has a 52 week low of $110.63 and a 52 week high of $200.49. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $147.97 and its two-hundred day simple moving average is $167.61. The stock has a market cap of $53.19 billion, a P/E ratio of 83.07, a PEG ratio of 1.28 and a beta of 1.40.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The company had revenue of $951.96 million for the quarter, compared to the consensus estimate of $914.00 million. Ares Management had a net margin of 11.35% and a return on equity of 16.64%. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Analysts predict that Ares Management Co. will post 5.28 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Monday, June 16th. Ares Management’s dividend payout ratio (DPR) is 263.53%.

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.