Ares Management Corporation $ARES Stake Lowered by FJ Capital Management LLC

FJ Capital Management LLC reduced its stake in shares of Ares Management Corporation (NYSE:ARES) by 81.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,557 shares of the asset manager’s stock after selling 6,736 shares during the period. FJ Capital Management LLC’s holdings in Ares Management were worth $252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vulcan Value Partners LLC boosted its holdings in Ares Management by 10.6% in the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock worth $215,785,000 after purchasing an additional 129,368 shares in the last quarter. Hudson Bay Capital Management LP raised its position in shares of Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares during the last quarter. Quilter Plc increased its stake in Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after acquiring an additional 37,366 shares during the period. CI Investments Inc. increased its stake in Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after acquiring an additional 221,055 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ares Management in the third quarter worth about $2,971,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARES. TD Cowen dropped their price objective on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wall Street Zen raised shares of Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Morgan Stanley reduced their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Stock Performance

NYSE ARES opened at $134.98 on Friday. The firm’s 50 day simple moving average is $119.83 and its 200 day simple moving average is $134.91. The firm has a market capitalization of $44.52 billion, a price-to-earnings ratio of 62.78, a P/E/G ratio of 1.18 and a beta of 1.51. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same period in the previous year, the business posted $1.09 EPS. As a group, research analysts expect that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is currently 251.16%.

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.