Skandinaviska Enskilda Banken AB publ Has $7.29 Million Position in Ares Management Corporation $ARES

Skandinaviska Enskilda Banken AB publ boosted its position in Ares Management Corporation (NYSE:ARES) by 9.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,566 shares of the asset manager’s stock after buying an additional 4,079 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ares Management were worth $7,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARES. Norges Bank acquired a new stake in shares of Ares Management during the second quarter worth $328,910,000. Vanguard Group Inc. increased its position in Ares Management by 9.1% during the second quarter. Vanguard Group Inc. now owns 20,936,367 shares of the asset manager’s stock worth $3,626,179,000 after acquiring an additional 1,746,376 shares during the period. Winslow Capital Management LLC acquired a new stake in Ares Management in the 2nd quarter worth about $161,774,000. Munro Partners bought a new stake in Ares Management in the 3rd quarter valued at about $58,218,000. Finally, Geode Capital Management LLC grew its position in shares of Ares Management by 7.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,454,083 shares of the asset manager’s stock worth $596,280,000 after purchasing an additional 244,286 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of the firm’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. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ashish Bhutani purchased 10,000 shares of the stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 590,000 shares of company stock worth $90,653,808. 36.86% of the stock is currently owned by corporate insiders.

Ares Management Trading Down 2.9%

Shares of ARES stock opened at $130.02 on Friday. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $195.26. The stock’s fifty day moving average price is $157.02 and its two-hundred day moving average price is $162.18. 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 company has a market cap of $42.50 billion, a PE ratio of 76.93, a P/E/G ratio of 0.81 and a beta of 1.52.

Ares Management (NYSE:ARES) last posted its quarterly 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). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.26% and a net margin of 9.41%.During the same period last year, the firm posted $0.55 EPS. Equities analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently announced 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 represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. 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. Ares Management’s dividend payout ratio (DPR) is currently 265.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ARES shares. Morgan Stanley set a $178.00 price target on shares of Ares Management in a research report on Tuesday, January 27th. The Goldman Sachs Group dropped their price objective on Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 6th. Keefe, Bruyette & Woods upped their target price on Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Wolfe Research set a $210.00 price target on Ares Management and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, UBS Group dropped their price target on Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. One investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.47.

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.