Ares Management Corporation $ARES Holdings Boosted by Quilter Plc

Quilter Plc raised its stake in Ares Management Corporation (NYSE:ARES) by 3.9% in the third quarter, HoldingsChannel.com reports. The fund owned 666,703 shares of the asset manager’s stock after buying an additional 24,964 shares during the quarter. Ares Management accounts for 1.8% of Quilter Plc’s portfolio, making the stock its 18th biggest position. Quilter Plc’s holdings in Ares Management were worth $106,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ARES. Nemes Rush Group LLC grew its stake in Ares Management by 3.1% during the 2nd quarter. Nemes Rush Group LLC now owns 1,745 shares of the asset manager’s stock worth $302,000 after buying an additional 52 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Ares Management by 2.0% during the second quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock valued at $534,000 after acquiring an additional 59 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Ares Management by 10.3% during the second quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock valued at $109,000 after acquiring an additional 59 shares during the period. MGO One Seven LLC grew its position in shares of Ares Management by 1.3% during the second quarter. MGO One Seven LLC now owns 4,576 shares of the asset manager’s stock worth $793,000 after acquiring an additional 60 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Ares Management by 4.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 1,625 shares of the asset manager’s stock worth $281,000 after acquiring an additional 63 shares during the period. Institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

ARES has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $215.00 target price on shares of Ares Management in a research report on Monday, September 29th. Wolfe Research set a $210.00 price objective on Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. TD Cowen reaffirmed a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Barclays raised their price target on Ares Management from $218.00 to $222.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Finally, BMO Capital Markets assumed coverage on shares of Ares Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $156.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.57.

Ares Management Stock Down 3.5%

ARES opened at $155.81 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market capitalization of $50.93 billion, a PE ratio of 66.87, a P/E/G ratio of 0.90 and a beta of 1.53. The stock’s fifty day moving average is $164.44 and its 200-day moving average is $167.85. Ares Management Corporation has a one year low of $110.63 and a one year high of $200.49.

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

Ares Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 yield of 2.2%. Ares Management’s dividend payout ratio is currently 192.27%.

Insiders Place Their Bets

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of Ares Management stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 590,000 shares of company stock worth $90,653,808 in the last ninety days. Company insiders own 36.86% of the company’s stock.

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.