Nicolet Advisory Services LLC Takes Position in Ares Management Co. (NYSE:ARES)

Nicolet Advisory Services LLC purchased a new position in shares of Ares Management Co. (NYSE:ARES) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,554 shares of the asset manager’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UniSuper Management Pty Ltd increased its position in Ares Management by 118.2% during the first quarter. UniSuper Management Pty Ltd now owns 2,400 shares of the asset manager’s stock worth $319,000 after acquiring an additional 1,300 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Ares Management in the first quarter valued at approximately $54,000. LRI Investments LLC acquired a new stake in shares of Ares Management in the first quarter valued at approximately $264,729,000. Kennedy Capital Management LLC boosted its stake in shares of Ares Management by 1.5% in the first quarter. Kennedy Capital Management LLC now owns 97,695 shares of the asset manager’s stock valued at $12,991,000 after buying an additional 1,443 shares during the period. Finally, Janus Henderson Group PLC grew its position in Ares Management by 19.3% during the first quarter. Janus Henderson Group PLC now owns 834,615 shares of the asset manager’s stock worth $110,986,000 after buying an additional 134,842 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Insider Transactions at Ares Management

In related news, insider David B. Kaplan sold 27,687 shares of Ares Management stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $145.30, for a total value of $4,022,921.10. Following the completion of the sale, the insider now owns 28,075 shares of the company’s stock, valued at approximately $4,079,297.50. This trade represents a 49.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 18,389 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $175.54, for a total transaction of $3,228,005.06. Following the sale, the chairman now directly owns 114,967 shares in the company, valued at approximately $20,181,307.18. This trade represents a 13.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 613,326 shares of company stock worth $96,606,744 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ARES. Barclays increased their target price on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada increased their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. UBS Group increased their price target on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen boosted their price objective on shares of Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $166.36.

Ares Management Trading Up 0.3 %

NYSE:ARES opened at $175.52 on Monday. 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 one year low of $107.69 and a one year high of $176.83. The company has a market cap of $54.95 billion, a PE ratio of 80.88, a PEG ratio of 1.91 and a beta of 1.20. The firm has a 50-day moving average of $163.69 and a 200-day moving average of $149.29.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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. As a group, equities research analysts expect that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio is 171.43%.

Ares Management 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.