Burling Wealth Partners LLC Acquires 3,843 Shares of Ares Management Corporation $ARES

Burling Wealth Partners LLC lifted its holdings in shares of Ares Management Corporation (NYSE:ARES) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,522 shares of the asset manager’s stock after purchasing an additional 3,843 shares during the quarter. Burling Wealth Partners LLC’s holdings in Ares Management were worth $3,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC increased its position in Ares Management by 100.0% during 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 last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Ares Management during the 2nd quarter worth about $35,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management during the 3rd quarter valued at about $40,000. First Horizon Corp acquired a new position in shares of Ares Management during the 3rd quarter valued at about $51,000. Finally, Covestor Ltd raised its stake in shares of Ares Management by 182.6% in the 3rd quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock valued at $67,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ARES shares. Oppenheimer decreased their target price on Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective for the company in a report on Monday, February 9th. Royal Bank Of Canada dropped their target price on shares of Ares Management from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Finally, Morgan Stanley set a $178.00 target price on shares of Ares Management in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $186.47.

Insider Buying and Selling at Ares Management

In other Ares Management news, Director Ashish Bhutani purchased 10,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the purchase, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael J. Arougheti sold 56,257 shares of the company’s 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 590,000 shares of company stock worth $90,653,808 in the last three months. Insiders own 36.86% of the company’s stock.

Ares Management Price Performance

Shares of Ares Management stock opened at $134.11 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market cap of $43.84 billion, a PE ratio of 79.36, a price-to-earnings-growth ratio of 0.79 and a beta of 1.52. The firm has a fifty day moving average price of $157.95 and a two-hundred day moving average price of $162.40. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $195.26.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. Analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s dividend payout ratio is currently 265.09%.

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.