American Century Companies Inc. Boosts Holdings in Ares Management LP (ARES)

American Century Companies Inc. boosted its stake in Ares Management LP (NYSE:ARES) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,218,527 shares of the asset manager’s stock after buying an additional 9,989 shares during the period. American Century Companies Inc.’s holdings in Ares Management were worth $24,371,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Ares Management by 359.8% in the second quarter. Royal Bank of Canada now owns 9,840 shares of the asset manager’s stock worth $177,000 after purchasing an additional 7,700 shares during the period. Commerce Bank acquired a new position in shares of Ares Management during the third quarter valued at about $205,000. Virtu KCG Holdings LLC acquired a new position in shares of Ares Management during the second quarter valued at about $212,000. Goldman Sachs Group Inc. grew its holdings in shares of Ares Management by 37.9% during the second quarter. Goldman Sachs Group Inc. now owns 14,483 shares of the asset manager’s stock valued at $261,000 after buying an additional 3,982 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Ares Management during the third quarter valued at about $278,000. Institutional investors and hedge funds own 16.21% of the company’s stock.

A number of research analysts have recently issued reports on ARES shares. Credit Suisse Group reiterated an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Ares Management in a report on Wednesday, January 10th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Ares Management from a “buy” rating to a “hold” rating in a report on Friday, January 26th. BidaskClub upgraded shares of Ares Management from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank of Canada reiterated a “buy” rating on shares of Ares Management in a report on Friday, November 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $24.00 price objective on shares of Ares Management in a report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $24.29.

Ares Management LP (NYSE ARES) opened at $22.70 on Thursday. The stock has a market cap of $1,894.97, a PE ratio of 12.60, a PEG ratio of 0.91 and a beta of 1.36. Ares Management LP has a twelve month low of $17.25 and a twelve month high of $25.24. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.56.

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Ares Management Company Profile

Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.

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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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