Johnson Financial Group Has Decreased At&T (Prn) (T) Stake By $2.23 Million, 6 Bullish Analysts Covering Ares Management LP (ARES)

June 19, 2017 - By Winifred Garcia

Among 9 analysts covering Ares Management (NYSE:ARES), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Ares Management had 21 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 10. The rating was maintained by RBC Capital Markets on Wednesday, November 11 with “Outperform”. The stock has “Outperform” rating by Keefe Bruyette & Woods on Friday, March 24. As per Wednesday, December 21, the company rating was reinitiated by Wells Fargo. As per Friday, May 13, the company rating was maintained by Keefe Bruyette & Woods. Wood maintained Ares Management LP (NYSE:ARES) rating on Friday, October 14. Wood has “Outperform” rating and $21 target. The stock of Ares Management LP (NYSE:ARES) has “Outperform” rating given on Friday, March 24 by Wood. As per Monday, February 27, the company rating was downgraded by Keefe Bruyette & Woods. Bank of America downgraded the stock to “Neutral” rating in Wednesday, August 10 report. The stock of Ares Management LP (NYSE:ARES) has “Neutral” rating given on Tuesday, August 11 by Goldman Sachs. See Ares Management LP (NYSE:ARES) latest ratings:

11/05/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade
07/04/2017 Broker: Wood Rating: Outperform Maintain
24/03/2017 Broker: Keefe Bruyette & Woods Old Rating: Mkt Perform New Rating: Outperform Upgrade
24/03/2017 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade
10/03/2017 Broker: Goldman Sachs Rating: Neutral New Target: $21.00 Maintain
27/02/2017 Broker: Keefe Bruyette & Woods Old Rating: Outperform New Rating: Mkt Perform Downgrade
25/01/2017 Broker: Credit Suisse Rating: Neutral Initiate
21/12/2016 Broker: Wells Fargo Rating: Outperform Reinitiate

Johnson Financial Group Inc decreased At&T Inc (Prn) (T) stake by 98.13% reported in 2016Q4 SEC filing. Johnson Financial Group Inc sold 131,289 shares as At&T Inc (Prn) (T)’s stock declined 7.81%. The Johnson Financial Group Inc holds 2,500 shares with $43,000 value, down from 133,789 last quarter. At&T Inc (Prn) now has $238.85 billion valuation. The stock declined 0.59% or $0.23 reaching $38.73 per share. About 1.34 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since June 19, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 20. They expect $0.74 EPS, up 2.78% or $0.02 from last year’s $0.72 per share. T’s profit will be $4.56 billion for 13.08 P/E if the $0.74 EPS becomes a reality. After $0.74 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Johnson Financial Group Inc increased Valero Energy Corp (NYSE:VLO) stake by 4,695 shares to 37,905 valued at $2.59M in 2016Q4. It also upped Reynolds American Inc (NYSE:RAI) stake by 17,508 shares and now owns 42,445 shares. Delta Air Lines Inc (NYSE:DAL) was raised too.

Among 24 analysts covering AT&T Inc. (NYSE:T), 9 have Buy rating, 1 Sell and 14 Hold. Therefore 38% are positive. AT&T Inc. had 43 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, September 1, the company rating was maintained by Macquarie Research. UBS downgraded AT&T Inc. (NYSE:T) on Wednesday, September 28 to “Neutral” rating. The stock of AT&T Inc. (NYSE:T) earned “Outperform” rating by Macquarie Research on Tuesday, April 5. S&P Research maintained the stock with “Buy” rating in Friday, August 14 report. The firm has “Hold” rating by HSBC given on Monday, September 26. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Monday, November 14 by Deutsche Bank. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Wednesday, September 2 by Citigroup. The firm has “Hold” rating by Deutsche Bank given on Wednesday, January 11. The company was downgraded on Friday, June 24 by Buckingham Research. The stock of AT&T Inc. (NYSE:T) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 26.

Investors sentiment increased to 1.16 in 2016 Q4. Its up 0.14, from 1.02 in 2016Q3. It increased, as 85 investors sold T shares while 621 reduced holdings. 115 funds opened positions while 706 raised stakes. 3.26 billion shares or 2.63% more from 3.17 billion shares in 2016Q3 were reported. Douglass Winthrop Limited Co holds 0.74% or 258,882 shares. Nuveen Asset Management stated it has 2.19M shares. Legal & General Gp Public Lc owns 35.25 million shares or 1.4% of their US portfolio. Cetera Advisors Ltd Liability Corporation invested 0.96% in AT&T Inc. (NYSE:T). Livingston Gp Asset Company (Operating As Southport Management) holds 0.91% in AT&T Inc. (NYSE:T) or 34,944 shares. Capital Management Assocs Ny, New York-based fund reported 33,625 shares. Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 1.26 million shares. Anderson Hoagland And Com holds 1.3% or 52,366 shares. Benedict Advsr, Georgia-based fund reported 69,296 shares. Park Avenue Ltd invested in 9,407 shares. Homrich And Berg owns 268,052 shares. D L Carlson Investment Group has invested 1.15% in AT&T Inc. (NYSE:T). Oregon-based Confluence Wealth Management Limited Liability has invested 0.18% in AT&T Inc. (NYSE:T). Gfs Limited Liability Co invested in 0.25% or 28,054 shares. Rfg Advisory Ltd Limited Liability Company owns 15,624 shares or 0.39% of their US portfolio.

Ares Management, L.P. is an alternative asset manager. The company has market cap of $3.88 billion. The Firm offers its investors a range of investment strategies. It has a 28.1 P/E ratio. It operates through three divisions: Credit Group, Private Equity Group and Real Estate Group.

Investors sentiment increased to 2.43 in Q4 2016. Its up 0.55, from 1.88 in 2016Q3. It is positive, as 4 investors sold Ares Management LP shares while 3 reduced holdings. 5 funds opened positions while 12 raised stakes. 7.82 million shares or 2.62% less from 8.03 million shares in 2016Q3 were reported. Segall Bryant And Hamill Ltd Liability Company, Illinois-based fund reported 110,000 shares. Century invested in 0.02% or 1.08M shares. Blackrock Investment Mngmt Limited invested 0% in Ares Management LP (NYSE:ARES). Morgan Stanley has invested 0% in Ares Management LP (NYSE:ARES). Raiff Inc owns 20,000 shares. Tower Rech Capital Limited Liability (Trc) holds 0% in Ares Management LP (NYSE:ARES) or 1,604 shares. Wells Fargo & Mn reported 0% in Ares Management LP (NYSE:ARES). Sterling Capital Management Ltd Limited Liability Company stated it has 0% in Ares Management LP (NYSE:ARES). Bancorp Of America Corp De has 4,084 shares. The New York-based Jpmorgan Chase has invested 0% in Ares Management LP (NYSE:ARES). Blackrock Institutional Tru Company Na holds 4 shares. Blackrock Advsr Ltd Co holds 209,384 shares or 0% of its portfolio. Raymond James And Associates stated it has 0% in Ares Management LP (NYSE:ARES). Sei reported 55,540 shares. Manufacturers Life Insur The owns 2,295 shares.

About 10,686 shares traded. Ares Management LP (NYSE:ARES) has risen 31.82% since June 19, 2016 and is uptrending. It has outperformed by 15.12% the S&P500.

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