Nisa Investment Advisors LLC Sells 300 Shares of Ares Management Co. (NYSE:ARES)

Nisa Investment Advisors LLC trimmed its stake in Ares Management Co. (NYSE:ARES) by 26.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 820 shares of the asset manager’s stock after selling 300 shares during the period. Nisa Investment Advisors LLC’s holdings in Ares Management were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARES. Eastern Bank purchased a new position in Ares Management during the 3rd quarter valued at about $39,000. J.Safra Asset Management Corp raised its position 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 valued at $37,000 after purchasing an additional 244 shares during the last quarter. West Oak Capital LLC increased its position in shares of Ares Management by 40.0% in the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Key Financial Inc purchased a new stake in Ares Management in the second quarter valued at approximately $53,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ares Management in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Ratings Changes

ARES has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their price target on Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday. TD Cowen boosted their price target on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, UBS Group upped their price target on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.00.

Ares Management Stock Performance

Shares of Ares Management stock opened at $168.26 on Friday. The firm has a market capitalization of $52.66 billion, a P/E ratio of 77.54, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. Ares Management Co. has a 52 week low of $101.44 and a 52 week high of $175.74. The firm’s 50 day moving average is $157.52 and its two-hundred day moving average is $146.34.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 20.51%. During the same period in the previous year, the company earned $0.83 earnings per share. Research analysts forecast that Ares Management Co. will post 4.1 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.21%. The ex-dividend date is Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Insider Buying and Selling at Ares Management

In related news, insider Ryan Berry sold 10,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $142.12, for a total transaction of $1,421,200.00. Following the completion of the sale, the insider now owns 446,702 shares in the company, valued at $63,485,288.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider David B. Kaplan sold 27,068 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,942,995.56. Following the transaction, the insider now owns 222,932 shares of the company’s stock, valued at approximately $32,474,504.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan Berry sold 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $142.12, for a total value of $1,421,200.00. Following the sale, the insider now directly owns 446,702 shares of the company’s stock, valued at approximately $63,485,288.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 622,640 shares of company stock worth $91,378,848. 41.89% of the stock is owned by 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.