Curated Wealth Partners LLC Decreases Stock Holdings in Ares Management Corporation $ARES

Curated Wealth Partners LLC decreased its holdings in shares of Ares Management Corporation (NYSE:ARESFree Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,418,643 shares of the asset manager’s stock after selling 70,366 shares during the period. Ares Management comprises approximately 27.4% of Curated Wealth Partners LLC’s holdings, making the stock its 2nd largest position. Curated Wealth Partners LLC owned about 0.43% of Ares Management worth $226,827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC increased its position in Ares Management by 28.8% in the first quarter. Hsbc Holdings PLC now owns 129,455 shares of the asset manager’s stock worth $18,813,000 after buying an additional 28,970 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Ares Management by 14.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,527 shares of the asset manager’s stock valued at $1,104,000 after acquiring an additional 976 shares during the period. Credit Agricole S A grew its stake in shares of Ares Management by 266.0% during the 1st quarter. Credit Agricole S A now owns 43,451 shares of the asset manager’s stock valued at $6,370,000 after acquiring an additional 31,579 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in Ares Management by 172.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,766 shares of the asset manager’s stock worth $699,000 after acquiring an additional 3,018 shares in the last quarter. Finally, CW Advisors LLC bought a new stake in Ares Management during the 1st quarter worth approximately $411,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Trading Down 0.4%

Shares of Ares Management stock opened at $165.94 on Friday. Ares Management Corporation has a twelve month low of $110.63 and a twelve month high of $200.49. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $155.22 and a 200-day moving average price of $168.33. The firm has a market cap of $54.24 billion, a price-to-earnings ratio of 71.22, a PEG ratio of 1.29 and a beta of 1.53.

Ares Management (NYSE:ARESGet Free Report) last posted its earnings results on Friday, October 31st. The asset manager reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.55 earnings per share. Equities research analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a $0.8438 dividend. This represents a $3.38 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, December 17th. Ares Management’s payout ratio is currently 192.27%.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of the 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 590,000 shares of company stock worth $90,653,808 over the last quarter. 36.86% of the stock is owned by corporate insiders.

Key Stores Impacting Ares Management

Here are the key news stories impacting Ares Management this week:

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARES. Cowen reiterated a “buy” rating on shares of Ares Management in a research report on Tuesday, November 4th. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a report on Tuesday, October 21st. Barclays raised their price target on Ares Management from $187.00 to $218.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ares Management in a research note on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $215.00 target price on shares of Ares Management in a research report on Monday, September 29th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.64.

Get Our Latest Stock Report on ARES

Ares Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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