Ares Management Corporation $ARES Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Ares Management Corporation (NYSE:ARES) by 44.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,737 shares of the asset manager’s stock after selling 8,514 shares during the period. Handelsbanken Fonder AB’s holdings in Ares Management were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ARES. Everhart Financial Group Inc. increased its position in shares of Ares Management by 10.4% in the second quarter. Everhart Financial Group Inc. now owns 6,033 shares of the asset manager’s stock worth $672,000 after acquiring an additional 568 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Ares Management by 6.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 13,800 shares of the asset manager’s stock valued at $1,536,000 after acquiring an additional 857 shares in the last quarter. Czech National Bank boosted its position in Ares Management by 7.0% during the 2nd quarter. Czech National Bank now owns 60,038 shares of the asset manager’s stock worth $6,683,000 after purchasing an additional 3,932 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Ares Management by 10.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 30,330 shares of the asset manager’s stock worth $3,376,000 after purchasing an additional 2,800 shares during the period. Finally, Hamlin Capital Management LLC increased its holdings in Ares Management by 1.5% in the 2nd quarter. Hamlin Capital Management LLC now owns 959,634 shares of the asset manager’s stock valued at $106,817,000 after purchasing an additional 14,333 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Down 0.7%

Shares of NYSE ARES opened at $140.33 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $189.76. The stock’s 50-day simple moving average is $127.18 and its 200-day simple moving average is $121.87. The firm has a market cap of $46.35 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 1.27 and a beta of 1.49.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. Ares Management’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Ares Management Corporation will post 5.94 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Ares Management’s dividend payout ratio is 247.71%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays cut their price objective on Ares Management from $140.00 to $139.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. TD Cowen increased their target price on Ares Management from $153.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Morgan Stanley set a $160.00 target price on Ares Management in a report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on Ares Management from $143.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Citigroup restated a “market outperform” rating on shares of Ares Management in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.73.

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.