Ares Management Co. (NYSE:ARES) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of Ares Management Co. (NYSE:ARES) by 21.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 271,510 shares of the asset manager’s stock after selling 75,351 shares during the period. Ares Management makes up about 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 28th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ares Management were worth $48,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ARES. JPMorgan Chase & Co. grew its holdings in Ares Management by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock valued at $1,284,773,000 after purchasing an additional 679,462 shares during the period. FMR LLC lifted its position in shares of Ares Management by 1.0% during the 3rd quarter. FMR LLC now owns 6,301,709 shares of the asset manager’s stock valued at $982,058,000 after buying an additional 63,851 shares in the last quarter. State Street Corp grew its stake in Ares Management by 5.1% in the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock valued at $596,318,000 after acquiring an additional 187,184 shares during the period. Franklin Resources Inc. grew its stake in Ares Management by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager’s stock valued at $600,830,000 after acquiring an additional 18,773 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Ares Management by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,950,451 shares of the asset manager’s stock worth $459,580,000 after acquiring an additional 175,627 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Buying and Selling at Ares Management

In other Ares Management news, insider R. Kipp Deveer sold 115,838 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $177.83, for a total value of $20,599,471.54. Following the sale, the insider now owns 1,259,162 shares of the company’s stock, valued at $223,916,778.46. The trade was a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan Berry sold 14,357 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $180.16, for a total value of $2,586,557.12. Following the transaction, the insider now owns 233,214 shares in the company, valued at $42,015,834.24. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 574,167 shares of company stock valued at $99,996,647 over the last 90 days. 1.20% of the stock is owned by insiders.

Ares Management Stock Performance

NYSE:ARES opened at $195.74 on Friday. The company’s 50-day moving average is $178.62 and its two-hundred day moving average is $161.51. The firm has a market capitalization of $61.28 billion, a price-to-earnings ratio of 90.20, a PEG ratio of 1.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. Ares Management Co. has a 1-year low of $116.86 and a 1-year high of $196.76.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same period in the prior year, the business posted $0.83 earnings per share. Analysts forecast that Ares Management Co. will post 4.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.93 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 1.90%. Ares Management’s dividend payout ratio (DPR) is currently 171.43%.

Wall Street Analysts Forecast Growth

ARES has been the topic of several research analyst reports. Barclays lifted their target price on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. The Goldman Sachs Group lifted their price objective on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a report on Monday, November 11th. TD Cowen lifted their price target on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley boosted their price target on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.92.

About Ares Management

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.