Cambridge Investment Research Advisors Inc. Has $544,000 Stake in Ares Management Co. (NYSE:ARES)

Cambridge Investment Research Advisors Inc. grew its position in shares of Ares Management Co. (NYSE:ARES – Get Rating) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,952 shares of the asset manager’s stock after buying an additional 297 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Ares Management were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ARES. PAX Financial Group LLC lifted its holdings in Ares Management by 1.5% in the 3rd quarter. PAX Financial Group LLC now owns 10,816 shares of the asset manager’s stock worth $670,000 after purchasing an additional 158 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Ares Management by 1.6% in the 1st quarter. Vontobel Holding Ltd. now owns 10,484 shares of the asset manager’s stock worth $852,000 after purchasing an additional 167 shares during the last quarter. Arizona State Retirement System lifted its holdings in Ares Management by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 39,630 shares of the asset manager’s stock worth $2,455,000 after purchasing an additional 203 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Ares Management by 16.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,520 shares of the asset manager’s stock worth $104,000 after purchasing an additional 210 shares during the last quarter. Finally, Toroso Investments LLC lifted its holdings in Ares Management by 4.7% in the 3rd quarter. Toroso Investments LLC now owns 4,812 shares of the asset manager’s stock worth $298,000 after purchasing an additional 218 shares during the last quarter. 47.96% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Stock Performance

Shares of NYSE:ARES opened at $83.37 on Thursday. The business’s fifty day moving average price is $82.04 and its two-hundred day moving average price is $78.84. Ares Management Co. has a fifty-two week low of $53.15 and a fifty-two week high of $90.28. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 75.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 1.00.

Ares Management (NYSE:ARES – Get Rating) last announced its quarterly earnings results on Friday, April 28th. The asset manager reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Ares Management had a net margin of 6.84% and a return on equity of 16.79%. The company had revenue of $813.36 million during the quarter, compared to the consensus estimate of $694.04 million. During the same quarter last year, the company earned $0.65 earnings per share. As a group, analysts predict that Ares Management Co. will post 3.59 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, June 15th. Ares Management’s dividend payout ratio is currently 280.00%.

Insiders Place Their Bets

In other Ares Management news, major shareholder Ares Management Llc acquired 250,000 shares of Ares Management stock in a transaction on Wednesday, March 15th. The shares were bought at an average price of $23.85 per share, with a total value of $5,962,500.00. Following the completion of the purchase, the insider now owns 35,623,924 shares in the company, valued at $849,630,587.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ares Management news, major shareholder Ares Management Llc acquired 250,000 shares of Ares Management stock in a transaction on Wednesday, March 15th. The shares were bought at an average price of $23.85 per share, with a total value of $5,962,500.00. Following the completion of the purchase, the insider now owns 35,623,924 shares in the company, valued at $849,630,587.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Aghili Naseem Sagati sold 11,531 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $83.07, for a total value of $957,880.17. Following the completion of the transaction, the general counsel now directly owns 243,232 shares in the company, valued at approximately $20,205,282.24. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 2,159,448 shares of company stock valued at $47,345,633 and have sold 7,026,531 shares valued at $172,722,130. Insiders own 47.38% of the company’s stock.

Wall Street Analyst Weigh In

ARES has been the subject of several analyst reports. StockNews.com initiated coverage on Ares Management in a report on Thursday, May 18th. They issued a “sell” rating for the company. Barclays lifted their price target on Ares Management from $98.00 to $108.00 in a research report on Monday, May 1st. The Goldman Sachs Group lifted their price target on Ares Management from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Morgan Stanley lifted their price target on Ares Management from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Monday, February 13th. Finally, BMO Capital Markets lifted their price target on Ares Management from $89.00 to $91.00 and gave the stock a “market perform” rating in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.44.

Ares Management Profile

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Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S.