TFO Wealth Partners LLC Has $35,000 Stake in Ares Management Co. (NYSE:ARES)

TFO Wealth Partners LLC raised its position in Ares Management Co. (NYSE:ARESFree Report) by 29,200.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 293 shares of the asset manager’s stock after purchasing an additional 292 shares during the period. TFO Wealth Partners LLC’s holdings in Ares Management were worth $35,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dai ichi Life Insurance Company Ltd lifted its position in shares of Ares Management by 49.2% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 19,949 shares of the asset manager’s stock valued at $2,372,000 after acquiring an additional 6,576 shares during the period. Westpac Banking Corp acquired a new position in shares of Ares Management during the 4th quarter valued at $2,421,000. Artemis Investment Management LLP lifted its position in shares of Ares Management by 24.5% during the 4th quarter. Artemis Investment Management LLP now owns 149,920 shares of the asset manager’s stock valued at $17,829,000 after acquiring an additional 29,457 shares during the period. Triasima Portfolio Management inc. lifted its position in shares of Ares Management by 31.4% during the 4th quarter. Triasima Portfolio Management inc. now owns 66,950 shares of the asset manager’s stock valued at $7,962,000 after acquiring an additional 16,010 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Ares Management by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 10,512 shares of the asset manager’s stock valued at $1,109,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Ares Management in a research report on Tuesday, May 28th. They set a “buy” rating and a $176.00 target price on the stock. Barclays reduced their target price on shares of Ares Management from $153.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada restated an “outperform” rating and set a $150.00 price target on shares of Ares Management in a research report on Wednesday, May 22nd. Wells Fargo & Company increased their target price on shares of Ares Management from $112.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Ares Management in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Hold” and a consensus target price of $133.43.

View Our Latest Report on Ares Management

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 74,585 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $132.97, for a total value of $9,917,567.45. Following the transaction, the chief executive officer now owns 1,375,000 shares in the company, valued at $182,833,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael J. Arougheti sold 157,837 shares of Ares Management stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $148.22, for a total value of $23,394,600.14. Following the completion of the transaction, the chief executive officer now owns 92,163 shares of the company’s stock, valued at approximately $13,660,399.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael J. Arougheti sold 74,585 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $132.97, for a total value of $9,917,567.45. Following the completion of the transaction, the chief executive officer now directly owns 1,375,000 shares of the company’s stock, valued at approximately $182,833,750. The disclosure for this sale can be found here. Insiders have sold 1,713,844 shares of company stock worth $231,791,136 over the last ninety days. Insiders own 1.20% of the company’s stock.

Ares Management Trading Down 4.0 %

Shares of ARES opened at $134.00 on Friday. The firm’s 50 day simple moving average is $137.25 and its 200 day simple moving average is $127.84. The company has a market capitalization of $41.52 billion, a P/E ratio of 60.09, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03. Ares Management Co. has a 1-year low of $89.77 and a 1-year high of $150.12.

Ares Management (NYSE:ARESGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). Ares Management had a net margin of 12.86% and a return on equity of 21.22%. The business had revenue of $707.36 million for the quarter, compared to the consensus estimate of $814.88 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Sell-side analysts forecast that Ares Management Co. will post 4.23 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, June 14th. Ares Management’s payout ratio is currently 166.82%.

Ares Management Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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