Triasima Portfolio Management inc. Grows Stock Holdings in Ares Management Co. (NYSE:ARES)

Triasima Portfolio Management inc. grew its holdings in shares of Ares Management Co. (NYSE:ARES) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,934 shares of the asset manager’s stock after purchasing an additional 1,584 shares during the period. Ares Management comprises 1.5% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 21st largest holding. Triasima Portfolio Management inc.’s holdings in Ares Management were worth $7,778,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Ares Management by 6.5% in the third quarter. Victory Capital Management Inc. now owns 65,417 shares of the asset manager’s stock valued at $10,195,000 after purchasing an additional 4,000 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Ares Management by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 682,985 shares of the asset manager’s stock valued at $106,436,000 after purchasing an additional 36,476 shares during the period. Toronto Dominion Bank boosted its stake in shares of Ares Management by 31.2% in the third quarter. Toronto Dominion Bank now owns 22,750 shares of the asset manager’s stock valued at $3,545,000 after purchasing an additional 5,404 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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. Finally, Caldwell Investment Management Ltd. boosted its stake in shares of Ares Management by 134.1% in the fourth quarter. Caldwell Investment Management Ltd. now owns 10,300 shares of the asset manager’s stock valued at $1,842,000 after purchasing an additional 5,900 shares during the period. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 15,825 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $167.24, for a total value of $2,646,573.00. Following the sale, the chief executive officer now owns 214,079 shares in the company, valued at approximately $35,802,571.96. This trade represents a 6.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan Berry sold 1,671 shares of Ares Management stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.00, for a total transaction of $292,425.00. Following the sale, the insider now owns 253,214 shares in the company, valued at $44,312,450. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 555,838 shares of company stock worth $96,785,773 over the last 90 days. Insiders own 41.89% of the company’s stock.

Ares Management Stock Up 0.9 %

ARES stock opened at $191.33 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a fifty-two week low of $125.23 and a fifty-two week high of $200.49. The firm’s 50-day simple moving average is $183.08 and its 200 day simple moving average is $165.17. The stock has a market cap of $59.90 billion, a PE ratio of 88.17, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18.

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

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Ares Management’s previous quarterly dividend of $0.93. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ARES shares. Barclays decreased their target price on shares of Ares Management from $224.00 to $217.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company upped their target price on shares of Ares Management from $207.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada upped their price target on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com cut shares of Ares Management from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods raised shares of Ares Management from a “market perform” rating to an “outperform” rating and upped their price target for the company from $166.00 to $202.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.17.

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.