ProShare Advisors LLC reduced its position in shares of Ares Management Co. (NYSE:ARES – Get Rating) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,390 shares of the asset manager's stock after selling 1,760 shares during the period. ProShare Advisors LLC's holdings in Ares Management were worth $644,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. boosted its stake in shares of Ares Management by 1.6% during the 1st quarter. Vontobel Holding Ltd. now owns 10,484 shares of the asset manager's stock worth $852,000 after purchasing an additional 167 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Ares Management by 0.9% during the 1st quarter. Hsbc Holdings PLC now owns 27,264 shares of the asset manager's stock worth $2,247,000 after purchasing an additional 249 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Ares Management by 1.1% during the 2nd quarter. Lake Street Advisors Group LLC now owns 27,024 shares of the asset manager's stock worth $1,537,000 after purchasing an additional 284 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Ares Management by 300.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 400 shares of the asset manager's stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Finally, Capital Impact Advisors LLC boosted its stake in shares of Ares Management by 7.4% during the 2nd quarter. Capital Impact Advisors LLC now owns 4,478 shares of the asset manager's stock worth $255,000 after purchasing an additional 309 shares during the last quarter. 47.96% of the stock is owned by institutional investors and hedge funds.

Ares Management Stock Performance

Shares of ARES stock opened at $85.03 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.13 and a current ratio of 0.13. Ares Management Co. has a one year low of $53.15 and a one year high of $86.13. The company's 50-day simple moving average is $73.76 and its 200-day simple moving average is $72.76. The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 95.54, a PEG ratio of 0.76 and a beta of 1.31.

Insider Transactions at Ares Management

Wall Street Analyst Weigh In

ARES has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on Ares Management to $86.00 in a report on Tuesday, November 1st. UBS Group upped their price objective on shares of Ares Management from $78.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, November 15th. StockNews.com began coverage on shares of Ares Management in a research report on Wednesday, October 12th. They issued a "sell" rating for the company. BMO Capital Markets cut shares of Ares Management from an "outperform" rating to a "market perform" rating and set a $93.00 price objective for the company. in a research report on Monday, November 14th. Finally, Wells Fargo & Company upped their price objective on shares of Ares Management from $78.00 to $81.00 and gave the company an "overweight" rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $86.88.

About Ares Management

(Get Rating)

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S.

Read More

• Get a free copy of the StockNews.com research report on Ares Management (ARES)
• Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
• Zimmer Biomet Beats on Earnings, Growth May be Priced In
• AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
• Ford Stock Going Forward After Big Earnings Flop
• Insiders And Institutions Buy Wolverine Worldwide

Want to see what other hedge funds are holding ARES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Management Co. (NYSE:ARES – Get Rating).

Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.