Robeco Institutional Asset Management B.V. Purchases New Shares in Ares Management Corporation (NYSE:ARES)

Robeco Institutional Asset Management B.V. acquired a new stake in Ares Management Corporation (NYSE:ARES) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,547 shares of the asset manager’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transce3nd LLC purchased a new position in Ares Management in the 4th quarter valued at about $29,000. Johnson Financial Group Inc. grew its position in Ares Management by 104.8% in the fourth quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Elequin Capital LP acquired a new stake in Ares Management in the fourth quarter valued at approximately $33,000. Global Financial Private Client LLC grew its position in shares of Ares Management by 125.6% during the first quarter. Global Financial Private Client LLC now owns 264 shares of the asset manager’s stock worth $39,000 after buying an additional 147 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in shares of Ares Management by 3,262.5% during the first quarter. Rakuten Securities Inc. now owns 269 shares of the asset manager’s stock worth $39,000 after buying an additional 261 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Stock Performance

Shares of NYSE:ARES opened at $178.20 on Thursday. The business’s fifty day moving average price is $165.70 and its two-hundred day moving average price is $166.47. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $200.49. The stock has a market capitalization of $58.20 billion, a price-to-earnings ratio of 104.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07.

Ares Management (NYSE:ARES) last announced its earnings results on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. Ares Management had a return on equity of 16.29% and a net margin of 9.73%. The company had revenue of $951.96 million for the quarter, compared to analysts’ expectations of $914.00 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.51%. The ex-dividend date was Monday, June 16th. Ares Management’s payout ratio is 263.53%.

Wall Street Analyst Weigh In

ARES has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Ares Management from $197.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. JMP Securities lifted their target price on Ares Management from $165.00 to $185.00 and gave the stock a “market outperform” rating in a report on Thursday, May 8th. Oppenheimer lowered Ares Management from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Bank of America decreased their price objective on Ares Management from $221.00 to $201.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Finally, TD Cowen reduced their target price on Ares Management from $216.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $174.94.

Insider Buying and Selling at Ares Management

In other news, insider David B. Kaplan sold 62,500 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $169.36, for a total transaction of $10,585,000.00. Following the sale, the insider owned 62,500 shares of the company’s stock, valued at $10,585,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael J. Arougheti sold 182,108 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $170.07, for a total value of $30,971,107.56. Following the transaction, the chief executive officer owned 350,684 shares of the company’s stock, valued at approximately $59,640,827.88. The trade was a 34.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 873,145 shares of company stock valued at $146,204,353. 36.86% of the stock is currently owned by company insiders.

Ares Management Company Profile

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.