Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Ares Management Co. (NYSE:ARES)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ares Management Co. (NYSE:ARESFree Report) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,137 shares of the asset manager’s stock after acquiring an additional 6,783 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ares Management were worth $8,336,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ARES. Rise Advisors LLC raised its stake in shares of Ares Management by 73.9% in the fourth quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 102 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Ares Management during the 3rd quarter worth about $27,000. Hartford Financial Management Inc. raised its position in Ares Management by 47.4% in the 4th quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 90 shares in the last quarter. Arlington Trust Co LLC purchased a new position in shares of Ares Management in the 4th quarter valued at about $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Ares Management during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Price Performance

Shares of NYSE ARES opened at $145.60 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The stock has a market cap of $45.08 billion, a P/E ratio of 65.29, a P/E/G ratio of 1.23 and a beta of 1.17. The stock has a 50 day moving average of $134.86 and a two-hundred day moving average of $124.43. Ares Management Co. has a twelve month low of $81.79 and a twelve month 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). Ares Management had a return on equity of 21.22% and a net margin of 12.86%. The business had revenue of $707.36 million for the quarter, compared to analyst estimates of $814.88 million. During the same quarter in the prior year, the company earned $0.71 EPS. On average, research analysts forecast that Ares Management Co. will post 4.24 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, June 14th. Ares Management’s dividend payout ratio is currently 166.82%.

Insider Activity at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 74,585 shares of Ares Management stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,375,000 shares in the company, valued at approximately $182,833,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael J. Arougheti sold 74,585 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,375,000 shares in the company, valued at approximately $182,833,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Antony P. Ressler sold 38,915 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $132.46, for a total transaction of $5,154,680.90. Following the transaction, the chairman now owns 96,085 shares in the company, valued at $12,727,419.10. The disclosure for this sale can be found here. Insiders have sold 1,488,844 shares of company stock worth $200,239,222 in the last quarter. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ARES. JPMorgan Chase & Co. raised their target price on shares of Ares Management from $119.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of Ares Management from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, February 12th. UBS Group boosted their target price on shares of Ares Management from $156.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Morgan Stanley raised their price target on Ares Management from $109.00 to $118.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price target on Ares Management from $112.00 to $126.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Ares Management presently has a consensus rating of “Hold” and a consensus price target of $128.46.

View Our Latest Report on Ares Management

Ares Management 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.

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

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