SVB Wealth LLC Decreases Holdings in Ares Management Corporation $ARES

SVB Wealth LLC reduced its stake in Ares Management Corporation (NYSE:ARES) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,585 shares of the asset manager’s stock after selling 5,425 shares during the period. SVB Wealth LLC’s holdings in Ares Management were worth $2,034,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management during the third quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management during the fourth quarter valued at approximately $42,000. Washington Trust Advisors Inc. purchased a new stake in shares of Ares Management during the third quarter valued at approximately $50,000. First Horizon Corp purchased a new stake in shares of Ares Management during the third quarter valued at approximately $51,000. Finally, Covestor Ltd boosted its stake in shares of Ares Management by 182.6% during the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 272 shares during the period. Institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

ARES has been the subject of a number of analyst reports. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Oppenheimer reissued an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective for the company in a research note on Monday, February 9th. The Goldman Sachs Group dropped their price objective on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Citizens Jmp cut their price objective on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $166.06.

Insiders Place Their Bets

In other news, Director Judy D. Olian purchased 480 shares of Ares Management stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average cost of $124.43 per share, with a total value of $59,726.40. Following the completion of the purchase, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.

Ares Management Price Performance

Shares of ARES stock opened at $124.59 on Tuesday. The firm has a market cap of $41.05 billion, a P/E ratio of 57.95, a P/E/G ratio of 1.10 and a beta of 1.50. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business’s 50 day moving average price is $110.75 and its 200-day moving average price is $138.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a return on equity of 22.02% and a net margin of 10.54%.During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, equities research analysts anticipate that Ares Management Corporation will post 6.05 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 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.