Rheos Capital Works Inc. Invests $11.83 Million in Ares Management Co. (NYSE:ARES)

Rheos Capital Works Inc. purchased a new position in Ares Management Co. (NYSE:ARES) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 66,800 shares of the asset manager’s stock, valued at approximately $11,826,000.

A number of other large investors also recently bought and sold shares of ARES. Victory Capital Management Inc. increased its stake in shares of Ares Management by 6.5% during 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ares Management by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,985 shares of the asset manager’s stock worth $106,436,000 after buying an additional 36,476 shares during the last quarter. Toronto Dominion Bank increased its position in Ares Management by 31.2% during the 3rd quarter. Toronto Dominion Bank now owns 22,750 shares of the asset manager’s stock valued at $3,545,000 after buying an additional 5,404 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ares Management by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock valued at $1,284,773,000 after buying an additional 679,462 shares in the last quarter. Finally, Caldwell Investment Management Ltd. raised its stake in Ares Management by 134.1% during the fourth quarter. Caldwell Investment Management Ltd. now owns 10,300 shares of the asset manager’s stock valued at $1,842,000 after buying an additional 5,900 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Price Performance

Shares of NYSE:ARES opened at $198.19 on Monday. The firm’s 50 day moving average price is $182.03 and its 200-day moving average price is $164.31. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $62.05 billion, a PE ratio of 91.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. Ares Management Co. has a twelve month low of $119.76 and a twelve month high of $199.94.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. During the same quarter in the previous year, the firm posted $0.83 EPS. Equities research analysts expect that Ares Management Co. will post 4.04 EPS for the current year.

Insider Activity at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 15,825 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $167.24, for a total value of $2,646,573.00. Following the completion of the sale, the chief executive officer now owns 214,079 shares in the company, valued at approximately $35,802,571.96. This represents a 6.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan Berry sold 14,357 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total value of $2,586,557.12. Following the sale, the insider now directly owns 233,214 shares in the company, valued at approximately $42,015,834.24. This represents a 5.80 % 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 worth $99,996,647. Corporate insiders own 41.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARES shares. UBS Group raised their price target on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reduced their price target on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com cut Ares Management from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.08.

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.