Ares Management Co. (NYSE:ARES) Short Interest Update

Ares Management Co. (NYSE:ARESGet Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,660,000 shares, an increase of 10.4% from the February 29th total of 2,410,000 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 935,000 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARES. JPMorgan Chase & Co. boosted their price target on shares of Ares Management from $119.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Morgan Stanley boosted their price target on shares of Ares Management from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company boosted their price target on shares of Ares Management from $112.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Barclays boosted their price target on shares of Ares Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Finally, Jefferies Financial Group cut shares of Ares Management from a “buy” rating to a “hold” rating and set a $122.00 price target on the stock. in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ares Management currently has a consensus rating of “Hold” and an average price target of $123.45.

Get Our Latest Report on Ares Management

Insiders Place Their Bets

In other news, insider David B. Kaplan sold 33,905 shares of Ares Management stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $131.75, for a total transaction of $4,466,983.75. Following the sale, the insider now owns 91,095 shares in the company, valued at $12,001,766.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider David B. Kaplan sold 33,905 shares of Ares Management stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $131.75, for a total transaction of $4,466,983.75. Following the sale, the insider now owns 91,095 shares in the company, valued at $12,001,766.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider R. Kipp Deveer sold 82,796 shares of Ares Management stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $136.47, for a total transaction of $11,299,170.12. Following the sale, the insider now owns 1,245,729 shares in the company, valued at approximately $170,004,636.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 610,848 shares of company stock worth $81,489,877. Company insiders own 47.34% of the company’s stock.

Institutional Trading of Ares Management

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Ares Management by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 16,392,349 shares of the asset manager’s stock valued at $1,949,378,000 after purchasing an additional 631,334 shares during the period. BlackRock Inc. lifted its stake in Ares Management by 7.3% in the second quarter. BlackRock Inc. now owns 11,389,511 shares of the asset manager’s stock worth $1,097,379,000 after acquiring an additional 771,052 shares during the period. FMR LLC lifted its stake in Ares Management by 27.4% in the third quarter. FMR LLC now owns 5,836,590 shares of the asset manager’s stock worth $600,410,000 after acquiring an additional 1,255,866 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Ares Management by 269.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,113,862 shares of the asset manager’s stock worth $489,222,000 after acquiring an additional 2,998,864 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Ares Management by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 3,872,559 shares of the asset manager’s stock worth $460,525,000 after acquiring an additional 71,819 shares during the period. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Stock Up 0.3 %

NYSE ARES opened at $131.15 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $131.39 and a two-hundred day moving average of $117.40. The firm has a market capitalization of $40.60 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 0.97 and a beta of 1.17. Ares Management has a 52 week low of $77.97 and a 52 week high of $139.48.

Ares Management (NYSE:ARESGet Free Report) last issued its earnings results on Thursday, February 8th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $862.71 million. Ares Management had a net margin of 13.06% and a return on equity of 21.01%. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, analysts predict that Ares Management will post 4.6 earnings per share for the current year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.93 per share. This is a positive change from Ares Management’s previous quarterly dividend of $0.77. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, March 14th. Ares Management’s payout ratio is currently 155.65%.

About Ares Management

(Get Free Report)

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.

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