Loomis Sayles & Co. L P Increases Position in Ares Management Co. (NYSE:ARES)

Loomis Sayles & Co. L P raised its holdings in shares of Ares Management Co. (NYSE:ARESGet Rating) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,391 shares of the asset manager’s stock after buying an additional 18,836 shares during the period. Loomis Sayles & Co. L P owned about 0.19% of Ares Management worth $43,978,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Century Companies Inc. bought a new stake in shares of Ares Management during the fourth quarter valued at approximately $233,000. Baird Financial Group Inc. raised its stake in shares of Ares Management by 12.8% during the fourth quarter. Baird Financial Group Inc. now owns 9,289 shares of the asset manager’s stock valued at $755,000 after acquiring an additional 1,052 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ares Management by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 371,045 shares of the asset manager’s stock valued at $30,154,000 after acquiring an additional 10,011 shares in the last quarter. UMB Bank N A MO bought a new stake in shares of Ares Management during the fourth quarter valued at approximately $74,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Ares Management by 3.1% during the fourth quarter. BNP Paribas Arbitrage SA now owns 23,158 shares of the asset manager’s stock valued at $1,882,000 after acquiring an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 48.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARES shares. Wells Fargo & Company decreased their price target on shares of Ares Management from $89.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. JMP Securities began coverage on shares of Ares Management in a research note on Wednesday, June 8th. They issued a “market perform” rating for the company. UBS Group boosted their price objective on shares of Ares Management from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Barclays began coverage on shares of Ares Management in a research note on Wednesday, August 31st. They issued an “overweight” rating and a $92.00 price objective for the company. Finally, TheStreet downgraded shares of Ares Management from a “b” rating to a “c+” rating in a research note on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Insiders Place Their Bets

In other Ares Management news, General Counsel Aghili Naseem Sagati sold 7,446 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $73.18, for a total value of $544,898.28. Following the completion of the transaction, the general counsel now owns 218,082 shares in the company, valued at $15,959,240.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 47.38% of the company’s stock.

Ares Management Price Performance

NYSE:ARES opened at $77.58 on Friday. Ares Management Co. has a one year low of $53.15 and a one year high of $90.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 0.97 and a beta of 1.19. The firm’s fifty day moving average is $69.47 and its two-hundred day moving average is $70.75.

Ares Management (NYSE:ARESGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The asset manager reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. Ares Management had a net margin of 8.23% and a return on equity of 14.31%. The company had revenue of $618.17 million for the quarter, compared to analyst estimates of $618.30 million. Research analysts expect that Ares Management Co. will post 3.22 EPS for the current year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.61 dividend. The ex-dividend date is Thursday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.15%. Ares Management’s dividend payout ratio (DPR) is currently 156.41%.

About Ares Management

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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.

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

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