Impact Partnership Wealth LLC Makes New Investment in Ares Management Co. (NYSE:ARES)

Impact Partnership Wealth LLC bought a new stake in shares of Ares Management Co. (NYSE:ARES) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,898 shares of the asset manager’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of Ares Management by 67.0% during the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 65 shares in the last quarter. GAMMA Investing LLC grew its holdings in Ares Management by 53.4% in the fourth quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock worth $40,000 after purchasing an additional 79 shares during the period. Point72 DIFC Ltd bought a new position in shares of Ares Management during the third quarter valued at $36,000. Eastern Bank purchased a new position in shares of Ares Management in the 3rd quarter worth about $39,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. StockNews.com cut Ares Management from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group boosted their target price on shares of Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Morgan Stanley increased their price target on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.92.

Ares Management Stock Up 1.0 %

NYSE:ARES opened at $195.74 on Friday. The stock has a fifty day simple moving average of $178.62 and a 200-day simple moving average of $161.51. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. The company has a market cap of $61.28 billion, a price-to-earnings ratio of 90.20, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. Ares Management Co. has a twelve month low of $116.86 and a twelve month high of $196.76.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. During the same period last year, the company posted $0.83 earnings per share. Analysts anticipate that Ares Management Co. will post 4.05 EPS for the current year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, December 17th. Ares Management’s payout ratio is 171.43%.

Insider Buying and Selling

In other Ares Management news, insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction that occurred 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 owns 253,214 shares in the company, valued at approximately $44,312,450. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider R. Kipp Deveer sold 115,838 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the completion of the sale, the insider now directly owns 1,259,162 shares in the company, valued at approximately $223,916,778.46. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 574,167 shares of company stock worth $99,996,647 in the last three months. 1.20% of the stock is owned by insiders.

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.