E. Ohman J or Asset Management AB Takes $513,000 Position in Ares Management Co. (NYSE:ARES)

E. Ohman J or Asset Management AB bought a new stake in Ares Management Co. (NYSE:ARES) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,900 shares of the asset manager’s stock, valued at approximately $513,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ARES. Sanctuary Advisors LLC acquired a new stake in shares of Ares Management in the 2nd quarter valued at $923,000. SG Americas Securities LLC bought a new position in shares of Ares Management in the third quarter valued at about $1,138,000. CWM LLC raised its holdings in shares of Ares Management by 10.1% in the third quarter. CWM LLC now owns 2,762 shares of the asset manager’s stock valued at $430,000 after buying an additional 253 shares during the last quarter. Wedmont Private Capital bought a new position in shares of Ares Management in the third quarter valued at about $237,000. Finally, Albion Financial Group UT bought a new position in shares of Ares Management in the third quarter valued at about $257,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Activity at Ares Management

In related news, CEO Michael J. Arougheti sold 20,096 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $167.44, for a total value of $3,364,874.24. Following the completion of the transaction, the chief executive officer now directly owns 229,904 shares in the company, valued at approximately $38,495,125.76. The trade was a 8.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 20,048 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,356,837.12. Following the completion of the transaction, the chairman now owns 229,952 shares of the company’s stock, valued at $38,503,162.88. This represents a 8.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 555,838 shares of company stock worth $96,785,773. 41.89% of the stock is owned by company insiders.

Ares Management Stock Performance

Shares of ARES stock opened at $189.71 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $59.39 billion, a PE ratio of 87.42, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. The stock has a 50-day moving average of $182.78 and a 200-day moving average of $164.99. Ares Management Co. has a one year low of $124.11 and a one year high of $200.49.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a net margin of 12.51% and a return on equity of 19.89%. As a group, sell-side analysts expect that Ares Management Co. will post 4.04 earnings per share for the current year.

Analysts Set New Price Targets

ARES has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. UBS Group lifted their price target on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Morgan Stanley boosted their price objective on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Barclays reissued an “overweight” rating and set a $224.00 price objective on shares of Ares Management in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued 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 $176.08.

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.