Deutsche Bank AG Boosts Position in Ares Management (ARES)

Deutsche Bank AG boosted its holdings in Ares Management (NYSE:ARES) by 104.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 258,035 shares of the asset manager’s stock after buying an additional 132,035 shares during the period. Deutsche Bank AG owned approximately 0.31% of Ares Management worth $5,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARES. American Century Companies Inc. grew its position in Ares Management by 0.8% in the fourth quarter. American Century Companies Inc. now owns 1,218,527 shares of the asset manager’s stock valued at $24,371,000 after acquiring an additional 9,989 shares in the last quarter. Wells Fargo & Company MN grew its position in Ares Management by 43.7% in the fourth quarter. Wells Fargo & Company MN now owns 900,886 shares of the asset manager’s stock valued at $18,018,000 after acquiring an additional 273,890 shares in the last quarter. PM CAPITAL Ltd grew its position in Ares Management by 95.8% in the fourth quarter. PM CAPITAL Ltd now owns 820,159 shares of the asset manager’s stock valued at $16,403,000 after acquiring an additional 401,265 shares in the last quarter. Renaissance Technologies LLC grew its position in Ares Management by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 155,279 shares of the asset manager’s stock valued at $3,106,000 after acquiring an additional 29,279 shares in the last quarter. Finally, Gator Capital Management LLC acquired a new stake in Ares Management in the fourth quarter valued at approximately $2,085,000. Hedge funds and other institutional investors own 17.09% of the company’s stock.

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ARES stock opened at $21.40 on Friday. Ares Management has a twelve month low of $17.25 and a twelve month high of $25.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $1,824.83, a PE ratio of 11.09, a P/E/G ratio of 1.38 and a beta of 1.30.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Thursday, February 15th. The asset manager reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Ares Management had a net margin of 5.38% and a return on equity of 40.87%. The business had revenue of $356.30 million during the quarter, compared to the consensus estimate of $376.37 million. The company’s revenue was down .5% compared to the same quarter last year. analysts anticipate that Ares Management will post 1.66 EPS for the current year.

The business also recently declared a dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a dividend of $0.093 per share. The ex-dividend date of this dividend is Friday, April 13th. Ares Management’s payout ratio is currently 82.90%.

ARES has been the subject of several recent research reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Ares Management in a research report on Wednesday, January 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Ares Management from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price objective (up previously from $20.00) on shares of Ares Management in a research report on Thursday, March 1st. ValuEngine raised shares of Ares Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 15th. Finally, Wells Fargo downgraded shares of Ares Management from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $25.50.

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Ares Management Company Profile

Ares Management, L.P. 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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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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