Ares Management Corporation $ARES Stock Position Raised by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. increased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,581 shares of the asset manager’s stock after acquiring an additional 4,181 shares during the quarter. Ares Management makes up approximately 0.9% of EFG Asset Management North America Corp.’s holdings, making the stock its 22nd biggest holding. EFG Asset Management North America Corp.’s holdings in Ares Management were worth $6,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. 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. increased its position in Ares Management by 5.5% in the first 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 period. Empowered Funds LLC lifted its stake in Ares Management by 42.7% in the first quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after buying an additional 1,853 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Ares Management by 15.3% during the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Ares Management by 708.2% during the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 432 shares during the period. 50.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ARES has been the topic of a number of analyst reports. BMO Capital Markets started coverage on shares of Ares Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $156.00 price objective on the stock. Bank of America lifted their price target on Ares Management from $196.00 to $197.00 and gave the company a “buy” rating in a report on Friday, October 3rd. UBS Group decreased their price objective on Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $215.00 target price on shares of Ares Management in a research report on Monday, September 29th. Finally, Wolfe Research set a $210.00 target price on Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.57.

Ares Management Stock Performance

Shares of NYSE ARES opened at $149.86 on Tuesday. Ares Management Corporation has a 1 year low of $110.63 and a 1 year high of $200.49. The firm has a market cap of $48.98 billion, a P/E ratio of 64.32, a PEG ratio of 0.90 and a beta of 1.53. The stock has a fifty day moving average price of $164.59 and a two-hundred day moving average price of $167.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Research analysts forecast that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.8438 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.38 annualized dividend and a dividend yield of 2.3%. Ares Management’s payout ratio is currently 192.27%.

Insider Activity at Ares Management

In related news, CEO Michael J. Arougheti sold 56,257 shares of the stock in a transaction that occurred 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 can be accessed through this link. In the last 90 days, insiders have sold 590,000 shares of company stock valued at $90,653,808. 0.52% of the stock is owned by insiders.

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.