Ares Management Corporation $ARES is Peregrine Capital Management LLC’s 4th Largest Position

Peregrine Capital Management LLC reduced its stake in Ares Management Corporation (NYSE:ARES) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 603,037 shares of the asset manager’s stock after selling 48,061 shares during the period. Ares Management comprises 2.9% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Peregrine Capital Management LLC owned 0.18% of Ares Management worth $96,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased 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 buying an additional 95 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Ares Management in the 2nd quarter worth approximately $35,000. Ameritas Advisory Services LLC purchased a new stake in Ares Management in the second quarter worth $43,000. CVA Family Office LLC raised its holdings in Ares Management by 92.8% in the 2nd quarter. CVA Family Office LLC now owns 453 shares of the asset manager’s stock worth $78,000 after purchasing an additional 218 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Ares Management by 708.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after purchasing an additional 432 shares during the period. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Morgan Stanley dropped their price target on Ares Management from $178.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. BMO Capital Markets assumed coverage on Ares Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $156.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $215.00 price target on shares of Ares Management in a research report on Monday, September 29th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.86.

Insider Activity

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.26, for a total transaction of $8,846,975.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 590,000 shares of company stock worth $90,653,808. 36.86% of the stock is owned by corporate insiders.

Ares Management Stock Up 2.9%

Shares of ARES opened at $175.83 on Friday. The business’s 50 day moving average is $161.03 and its 200 day moving average is $168.34. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $200.49. The company has a market capitalization of $57.47 billion, a PE ratio of 75.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53.

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

Ares Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a $0.8438 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 17th. Ares Management’s payout ratio is 192.27%.

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.