Arizona State Retirement System Buys 4,174 Shares of Ares Management Corporation $ARES

Arizona State Retirement System grew its stake in shares of Ares Management Corporation (NYSE:ARES) by 7.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 63,753 shares of the asset manager’s stock after acquiring an additional 4,174 shares during the quarter. Arizona State Retirement System’s holdings in Ares Management were worth $10,193,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Ares Management by 116.7% in the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after purchasing an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after buying an additional 70 shares in the last quarter. Empowered Funds LLC increased its holdings in Ares Management by 42.7% in the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after buying an additional 1,853 shares during the period. Focus Partners Wealth raised its position in shares of Ares Management by 15.3% in the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after buying an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after acquiring an additional 432 shares during the period. 50.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARES has been the subject of several research analyst reports. Citigroup restated a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. Wolfe Research set a $210.00 price target on Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $224.00 price objective on shares of Ares Management in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.79.

Ares Management Price Performance

Shares of ARES opened at $149.73 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.94 billion, a PE ratio of 64.26, a PEG ratio of 0.87 and a beta of 1.53. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $200.49. The business has a 50-day simple moving average of $165.01 and a two-hundred day simple moving average of $166.88.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $0.55 earnings per share. Analysts anticipate that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.8438 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.38 annualized dividend and a dividend yield of 2.3%. Ares Management’s dividend payout ratio (DPR) is presently 192.27%.

Insider Activity

In other news, CEO Michael J. Arougheti sold 186,197 shares of Ares Management stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the transaction, the chief executive officer owned 290,997 shares in the company, valued at approximately $44,449,791.75. The trade was a 39.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 590,000 shares of company stock worth $90,653,808 over the last ninety days. 36.86% of the stock is currently owned by company insiders.

Ares Management Profile

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.