Ares Management Corporation $ARES Shares Sold by DSM Capital Partners LLC

DSM Capital Partners LLC decreased its position in Ares Management Corporation (NYSE:ARES) by 24.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,620 shares of the asset manager’s stock after selling 3,460 shares during the period. DSM Capital Partners LLC’s holdings in Ares Management were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vident Advisory LLC bought a new position in Ares Management in the first quarter worth about $306,000. AQR Capital Management LLC lifted its holdings in shares of Ares Management by 116.7% in the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after purchasing an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ares Management by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after buying an additional 70 shares during the last quarter. Empowered Funds LLC increased its position in Ares Management by 42.7% in the first quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock worth $909,000 after buying an additional 1,853 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ares Management by 24.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,292 shares of the asset manager’s stock valued at $177,148,000 after buying an additional 240,564 shares during the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Price Performance

ARES opened at $175.97 on Wednesday. The stock has a fifty day moving average price of $160.04 and a 200 day moving average price of $168.27. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. Ares Management Corporation has a 1 year low of $110.63 and a 1 year high of $200.49. The stock has a market cap of $57.52 billion, a price-to-earnings ratio of 75.52, a PEG ratio of 1.02 and a beta of 1.53.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.During the same period in the previous year, the company earned $0.55 EPS. Analysts forecast 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 was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.8438 per share. The ex-dividend date was Wednesday, December 17th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.9%. Ares Management’s dividend payout ratio (DPR) is currently 192.27%.

Analyst Ratings Changes

ARES has been the subject of several recent research reports. Morgan Stanley lowered their price target on shares of Ares Management from $178.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Oppenheimer set a $190.00 price target on shares of Ares Management and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods boosted their price objective on Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Cowen restated a “buy” rating on shares of Ares Management in a research report on Tuesday, November 4th. Finally, BMO Capital Markets initiated coverage on Ares Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $156.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $190.64.

Insider Activity

In related news, 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 value of $8,846,975.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 590,000 shares of company stock valued at $90,653,808. 0.52% of the stock is currently 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.