Curated Wealth Partners LLC Sells 171,385 Shares of Ares Management Co. (NYSE:ARES)

Curated Wealth Partners LLC lowered its stake in Ares Management Co. (NYSE:ARES) by 10.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,485,772 shares of the asset manager’s stock after selling 171,385 shares during the period. Ares Management makes up approximately 30.0% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Curated Wealth Partners LLC’s holdings in Ares Management were worth $263,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Ares Management by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 416,585 shares of the asset manager’s stock worth $55,529,000 after purchasing an additional 20,724 shares during the last quarter. Sei Investments Co. boosted its stake in Ares Management by 28.3% in the second quarter. Sei Investments Co. now owns 60,875 shares of the asset manager’s stock valued at $8,115,000 after buying an additional 13,439 shares in the last quarter. Public Sector Pension Investment Board grew its position in Ares Management by 4.8% in the second quarter. Public Sector Pension Investment Board now owns 23,659 shares of the asset manager’s stock valued at $3,153,000 after acquiring an additional 1,080 shares during the last quarter. Marshall Wace LLP raised its stake in Ares Management by 52.6% during the second quarter. Marshall Wace LLP now owns 127,310 shares of the asset manager’s stock worth $16,968,000 after acquiring an additional 43,906 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Ares Management by 73.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,549 shares of the asset manager’s stock valued at $4,605,000 after purchasing an additional 14,607 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Buying and Selling at Ares Management

In other news, insider Ryan Berry sold 18,329 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total value of $3,210,874.22. Following the completion of the sale, the insider now directly owns 254,885 shares in the company, valued at $44,650,754.30. This trade represents a 6.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael J. Arougheti sold 20,096 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,364,874.24. Following the completion of the sale, the chief executive officer now directly owns 229,904 shares of the company’s stock, valued at $38,495,125.76. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 574,167 shares of company stock valued at $99,996,647. 1.20% of the stock is currently owned by company insiders.

Ares Management Stock Up 0.8 %

Shares of NYSE ARES opened at $197.39 on Friday. The company’s 50 day moving average price is $179.15 and its 200-day moving average price is $161.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. Ares Management Co. has a 52-week low of $117.47 and a 52-week high of $197.53. The company has a market capitalization of $61.79 billion, a P/E ratio of 90.96, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18.

Ares Management (NYSE:ARES) last released its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equities analysts forecast that Ares Management Co. will post 4.05 earnings per share for the current year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.88%. Ares Management’s payout ratio is currently 171.43%.

Wall Street Analyst Weigh In

ARES has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com cut Ares Management from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their target price on Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays boosted their price target on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. One 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.92.

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.