Segall Bryant & Hamill LLC Sells 28,933 Shares of Ares Management Corporation $ARES

Segall Bryant & Hamill LLC reduced its position in shares of Ares Management Corporation (NYSE:ARES) by 71.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,584 shares of the asset manager’s stock after selling 28,933 shares during the period. Segall Bryant & Hamill LLC’s holdings in Ares Management were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ares Management by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after acquiring an additional 70 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Ares Management by 4.2% during the fourth quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock worth $328,000 after purchasing an additional 81 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of Ares Management by 3.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,666 shares of the asset manager’s stock worth $431,000 after purchasing an additional 83 shares during the last quarter. First Manhattan CO. LLC. increased its holdings in Ares Management by 0.5% in the fourth quarter. First Manhattan CO. LLC. now owns 17,634 shares of the asset manager’s stock valued at $2,850,000 after purchasing an additional 89 shares during the period. Finally, Root Financial Partners LLC raised its position in Ares Management by 17.8% during the 4th quarter. Root Financial Partners LLC now owns 642 shares of the asset manager’s stock worth $104,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Trading Down 2.0%

NYSE ARES opened at $140.04 on Thursday. The stock has a market capitalization of $46.19 billion, a P/E ratio of 64.24, a P/E/G ratio of 1.27 and a beta of 1.49. The business has a 50 day simple moving average of $124.71 and a 200 day simple moving average of $122.99. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a return on equity of 25.47% and a net margin of 10.63%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Research analysts expect that Ares Management Corporation will post 5.97 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th 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 3.9%. The ex-dividend date is Wednesday, September 16th. Ares Management’s payout ratio is presently 247.71%.

Analysts Set New Price Targets

A number of research firms have commented on ARES. Morgan Stanley set a $160.00 price target on Ares Management in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods upgraded Ares Management to a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. increased their target price on shares of Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday. Barclays lowered their price target on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Citizens Jmp dropped their price target on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $159.73.

About Ares Management

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.