Cumberland Partners Ltd Acquires 13,705 Shares of Ares Management Corporation $ARES

Cumberland Partners Ltd raised its stake in shares of Ares Management Corporation (NYSE:ARES) by 61.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,170 shares of the asset manager’s stock after acquiring an additional 13,705 shares during the quarter. Cumberland Partners Ltd’s holdings in Ares Management were worth $5,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its stake in shares of Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Ares Management in the second quarter worth about $35,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management during the third quarter valued at about $40,000. First Horizon Corp bought a new stake in shares of Ares Management in the 3rd quarter valued at about $51,000. Finally, Covestor Ltd grew its position in shares of Ares Management by 182.6% in the 3rd quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock worth $67,000 after buying an additional 272 shares during the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ares Management news, Director Ashish Bhutani bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was bought at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the transaction, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 56,257 shares of the company’s 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 590,000 shares of company stock worth $90,653,808 in the last quarter. Company insiders own 36.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Morgan Stanley set a $178.00 price objective on Ares Management in a research report on Tuesday, January 27th. UBS Group reduced their target price on Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods raised their price target on Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada cut their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.47.

Ares Management Stock Performance

Shares of ARES opened at $134.11 on Thursday. 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 stock has a 50-day moving average of $157.95 and a two-hundred day moving average of $162.40. The stock has a market cap of $43.84 billion, a P/E ratio of 79.36, a P/E/G ratio of 0.79 and a beta of 1.52. Ares Management Corporation has a one year low of $110.63 and a one year high of $195.26.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $0.55 EPS. As a group, research analysts predict that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.35 dividend. This is an increase from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $5.40 annualized dividend and a dividend yield of 4.0%. Ares Management’s payout ratio is currently 265.09%.

Ares Management Company 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.