Vanguard Personalized Indexing Management LLC Buys 1,710 Shares of Ares Management Co. (NYSE:ARES)

Vanguard Personalized Indexing Management LLC raised its stake in shares of Ares Management Co. (NYSE:ARES) by 16.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,947 shares of the asset manager’s stock after acquiring an additional 1,710 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ares Management were worth $1,592,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ARES. Compass Wealth Management LLC purchased a new stake in shares of Ares Management in the first quarter valued at about $28,000. Riverview Trust Co purchased a new stake in Ares Management in the 1st quarter valued at about $29,000. West Oak Capital LLC lifted its position in shares of Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock worth $33,000 after buying an additional 100 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Ares Management by 717.6% in the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after buying an additional 244 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Ares Management by 29,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 292 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ARES shares. Redburn Atlantic began coverage on Ares Management in a report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price target on the stock. Wells Fargo & Company started coverage on Ares Management in a research report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. UBS Group decreased their price objective on shares of Ares Management from $160.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, TD Cowen boosted their target price on shares of Ares Management from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $141.42.

Ares Management Price Performance

ARES opened at $156.66 on Friday. The firm has a 50-day moving average price of $145.02 and a 200-day moving average price of $139.29. Ares Management Co. has a twelve month low of $96.00 and a twelve month high of $157.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $48.54 billion, a price-to-earnings ratio of 70.25, a PEG ratio of 1.33 and a beta of 1.21.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. The company had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. During the same period last year, the firm earned $0.90 EPS. Equities analysts expect that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.37%. Ares Management’s payout ratio is 166.82%.

Insider Activity at Ares Management

In other Ares Management news, Chairman Bennett Rosenthal sold 75,000 shares of Ares Management stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $143.05, for a total transaction of $10,728,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Ares Management news, Chairman Bennett Rosenthal sold 75,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $143.05, for a total value of $10,728,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Berry sold 57,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the transaction, the insider now owns 456,702 shares of the company’s stock, valued at $64,276,239.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,316 shares of company stock worth $87,718,000. 1.20% of the stock is owned by company insiders.

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.