Signet Financial Management LLC Has $3.49 Million Stake in Ares Management Co. (NYSE:ARES)

Signet Financial Management LLC boosted its stake in Ares Management Co. (NYSE:ARESFree Report) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,218 shares of the asset manager’s stock after buying an additional 543 shares during the quarter. Signet Financial Management LLC’s holdings in Ares Management were worth $3,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Wealth Management LLC purchased a new stake in shares of Ares Management during the 1st quarter valued at $28,000. Riverview Trust Co purchased a new stake in shares of Ares Management during the 1st quarter valued at $29,000. Rise Advisors LLC increased its position in shares of Ares Management by 73.9% during the 4th quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 102 shares during the last quarter. Hartford Financial Management Inc. increased its position in shares of Ares Management by 47.4% during 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 during the last quarter. Finally, Arlington Trust Co LLC bought a new position in shares of Ares Management during the 4th quarter worth $34,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ares Management

In other news, insider David B. Kaplan sold 125,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $131.94, for a total value of $16,492,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider David B. Kaplan sold 125,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $131.94, for a total transaction of $16,492,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judy D. Olian sold 3,417 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $134.00, for a total value of $457,878.00. Following the sale, the director now owns 27,312 shares of the company’s stock, valued at approximately $3,659,808. The disclosure for this sale can be found here. Insiders sold 1,612,693 shares of company stock worth $218,186,465 over the last quarter. 1.20% of the stock is currently owned by insiders.

Ares Management Stock Up 0.5 %

Shares of NYSE ARES traded up $0.69 during mid-day trading on Thursday, hitting $136.14. 315,326 shares of the stock traded hands, compared to its average volume of 1,144,874. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.03. Ares Management Co. has a 52 week low of $92.43 and a 52 week high of $150.12. The company has a market cap of $42.18 billion, a price-to-earnings ratio of 60.75, a PEG ratio of 1.29 and a beta of 1.21. The stock has a fifty day moving average price of $137.77 and a 200-day moving average price of $130.39.

Ares Management (NYSE:ARESGet Free Report) last released its earnings results on Thursday, May 2nd. The asset manager reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.13). Ares Management had a return on equity of 21.22% and a net margin of 12.86%. The company had revenue of $707.36 million during the quarter, compared to the consensus estimate of $814.88 million. During the same period last year, the firm posted $0.71 earnings per share. Research analysts anticipate that Ares Management Co. will post 4.25 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, June 14th. Ares Management’s dividend payout ratio is currently 166.82%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARES. TD Cowen increased their price target on Ares Management from $154.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. UBS Group increased their price target on Ares Management from $156.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and issued a $150.00 target price on shares of Ares Management in a research note on Wednesday, May 22nd. JMP Securities restated a “market perform” rating on shares of Ares Management in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group cut their target price on Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $130.29.

View Our Latest Stock Analysis on ARES

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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