Bramshill Investments LLC lessened its holdings in Ares Management LP Unit (NYSE:ARES) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,025 shares of the asset manager’s stock after selling 4,116 shares during the quarter. Bramshill Investments LLC’s holdings in Ares Management LP Unit were worth $882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors raised its holdings in Ares Management LP Unit by 55.9% during the 3rd quarter. Capital World Investors now owns 7,676,900 shares of the asset manager’s stock worth $178,104,000 after purchasing an additional 2,753,025 shares during the last quarter. Capital International Investors bought a new position in Ares Management LP Unit during the 3rd quarter worth approximately $44,311,000. The Manufacturers Life Insurance Company raised its holdings in Ares Management LP Unit by 600.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,750,687 shares of the asset manager’s stock worth $40,616,000 after purchasing an additional 1,500,871 shares during the last quarter. Laurion Capital Management LP bought a new position in Ares Management LP Unit during the 3rd quarter worth approximately $24,856,000. Finally, FMR LLC raised its holdings in Ares Management LP Unit by 54.4% during the 2nd quarter. FMR LLC now owns 2,670,476 shares of the asset manager’s stock worth $55,279,000 after purchasing an additional 941,386 shares during the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Ares Management LP Unit from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Morgan Stanley lowered their price target on shares of Ares Management LP Unit from $25.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. Zacks Investment Research downgraded shares of Ares Management LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 4th. TheStreet raised shares of Ares Management LP Unit from a “c+” rating to a “b-” rating in a research report on Monday, December 3rd. Finally, Bank of America raised their price objective on shares of Ares Management LP Unit from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.38.

Shares of ARES stock opened at $21.04 on Tuesday. The company has a market cap of $2.20 billion, a PE ratio of 13.97, a P/E/G ratio of 1.49 and a beta of 1.39. Ares Management LP Unit has a 52 week low of $18.55 and a 52 week high of $25.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14.

Ares Management LP Unit (NYSE:ARES) last announced its quarterly earnings data on Thursday, November 1st. The asset manager reported $0.30 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.08). The company had revenue of $240.78 million for the quarter, compared to analyst estimates of $240.75 million. Ares Management LP Unit had a return on equity of 29.05% and a net margin of 7.93%. The business’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. On average, sell-side analysts expect that Ares Management LP Unit will post 1.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Friday, December 14th. Ares Management LP Unit’s dividend payout ratio (DPR) is 58.03%.

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Ares Management LP Unit 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 LP Unit (NYSE:ARES)

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