Fieldview Capital Management LLC Reduces Stock Position in Ares Management Corporation $ARES

Fieldview Capital Management LLC trimmed its stake in shares of Ares Management Corporation (NYSE:ARES) by 46.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,963 shares of the asset manager’s stock after selling 10,338 shares during the period. Fieldview Capital Management LLC’s holdings in Ares Management were worth $1,913,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ARES. Exchange Traded Concepts LLC raised its holdings 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 purchasing an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Ares Management in the second quarter valued at $35,000. Redmont Wealth Advisors LLC acquired a new stake in Ares Management in the third quarter valued at $40,000. Washington Trust Advisors Inc. purchased a new position in shares of Ares Management in the third quarter valued at $50,000. Finally, First Horizon Corp acquired a new position in shares of Ares Management during the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ARES shares. Wolfe Research set a $210.00 price objective on shares of Ares Management and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Wall Street Zen downgraded Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. TD Cowen reissued a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and decreased their price objective for the company from $182.00 to $155.00 in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and an average price target of $182.67.

Ares Management Stock Down 1.0%

ARES stock opened at $108.91 on Tuesday. The company has a 50 day moving average price of $143.93 and a two-hundred day moving average price of $155.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $35.88 billion, a P/E ratio of 64.44, a PEG ratio of 0.69 and a beta of 1.56. Ares Management Corporation has a one year low of $106.02 and a one year high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same period in the prior year, the company earned $0.55 EPS. As a group, sell-side analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is 265.09%.

Insider Activity

In related news, Director Ashish Bhutani acquired 10,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the purchase, the director directly owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Judy D. Olian bought 480 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the acquisition, the director owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This trade represents a 1.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.52% of the stock is owned by insiders.

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.