Fox Run Management L.L.C. Purchases Shares of 8,343 Ares Management Corporation $ARES

Fox Run Management L.L.C. purchased a new position in Ares Management Corporation (NYSE:ARES) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,343 shares of the asset manager’s stock, valued at approximately $1,334,000.

Several other large investors also recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of Ares Management by 29.6% in the 2nd quarter. Creative Planning now owns 34,036 shares of the asset manager’s stock worth $5,895,000 after buying an additional 7,776 shares during the last quarter. Vulcan Value Partners LLC lifted its holdings in shares of Ares Management by 10.6% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after acquiring an additional 129,368 shares during the last quarter. Principal Financial Group Inc. grew its position in Ares Management by 2.8% in the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock worth $565,180,000 after acquiring an additional 94,825 shares in the last quarter. Wealth Alliance LLC grew its position in Ares Management by 30.6% in the second quarter. Wealth Alliance LLC now owns 4,388 shares of the asset manager’s stock worth $760,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new stake in Ares Management during the second quarter worth approximately $161,774,000. Institutional investors own 50.03% of the company’s stock.

Analyst Ratings Changes

ARES has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. Wolfe Research set a $210.00 price objective on shares of Ares Management and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Morgan Stanley set a $178.00 target price on shares of Ares Management in a report on Tuesday, January 27th. Finally, Oppenheimer cut their price target on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.67.

Ares Management Stock Up 1.8%

NYSE:ARES opened at $119.25 on Thursday. The company has a market cap of $38.98 billion, a price-to-earnings ratio of 70.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.52. Ares Management Corporation has a twelve month low of $110.63 and a twelve month high of $195.26. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $152.72 and a 200-day simple moving average of $160.04.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $0.55 EPS. Analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Tuesday, March 17th. Ares Management’s dividend payout ratio is 265.09%.

Insider Activity

In other news, Director Ashish Bhutani acquired 10,000 shares of Ares Management stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This trade represents a 41.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael J. Arougheti sold 56,257 shares of Ares Management stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.26, for a total value of $8,846,975.82. The disclosure for this sale is available in the SEC filing. Insiders own 36.86% of the company’s stock.

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.