Ares Management Corporation $ARES Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 935.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,130 shares of the asset manager’s stock after buying an additional 37,157 shares during the period. Brevan Howard Capital Management LP’s holdings in Ares Management were worth $6,576,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in shares of Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ares Management in the second quarter valued at $35,000. Redmont Wealth Advisors LLC purchased a new position in Ares Management in the third quarter valued at $40,000. Washington Trust Advisors Inc. purchased a new position in Ares Management in the third quarter valued at $50,000. Finally, First Horizon Corp acquired a new position in Ares Management during the 3rd quarter worth $51,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Stock Up 5.2%

Ares Management stock opened at $101.54 on Friday. The stock has a market cap of $33.45 billion, a PE ratio of 60.08, a P/E/G ratio of 0.75 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s fifty day moving average is $139.08 and its two-hundred day moving average is $153.77. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts expect that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 5.3%. Ares Management’s dividend payout ratio is 265.09%.

Insider Activity at Ares Management

In related news, Director Ashish Bhutani bought 10,000 shares of the stock in a transaction dated Friday, February 6th. The stock was acquired at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the acquisition, the director owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Judy D. Olian bought 480 shares of the stock in a transaction dated Friday, February 20th. The stock was bought at an average price of $124.43 per share, with a total value of $59,726.40. Following the acquisition, the director owned 29,734 shares in the company, valued at approximately $3,699,801.62. This represents a 1.64% increase in their position. The disclosure for this purchase is available in the SEC filing. 36.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group set a $148.00 price target on Ares Management in a report on Friday, February 20th. The Goldman Sachs Group decreased their price objective on Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Wolfe Research set a $210.00 price objective on Ares Management and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Finally, Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price on the stock in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $182.67.

Ares Management Company 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.