Chilton Capital Management LLC Has $49.48 Million Stock Holdings in Ares Management Corporation $ARES

Chilton Capital Management LLC grew its position in Ares Management Corporation (NYSE:ARES) by 89.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 309,447 shares of the asset manager’s stock after purchasing an additional 145,872 shares during the period. Ares Management accounts for 1.7% of Chilton Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Chilton Capital Management LLC’s holdings in Ares Management were worth $49,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Ares Management during the 2nd quarter worth about $35,000. Ameritas Advisory Services LLC acquired a new position in Ares Management during the 2nd quarter valued at about $43,000. First Horizon Corp bought a new position in shares of Ares Management in the 3rd quarter valued at about $51,000. Finally, Covestor Ltd boosted its stake in shares of Ares Management by 182.6% in the 3rd 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 last quarter. Institutional investors own 50.03% of the company’s stock.

Analysts Set New Price Targets

ARES has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Bank of America increased their price target on Ares Management from $196.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Ares Management in a research note on Monday, September 29th. BMO Capital Markets started coverage on Ares Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $156.00 price objective for the company. Finally, Barclays raised their target price on Ares Management from $218.00 to $222.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.57.

Insider Buying and Selling

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of Ares Management 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 hyperlink. In the last 90 days, insiders have sold 590,000 shares of company stock worth $90,653,808. Company insiders own 0.52% of the company’s stock.

Ares Management Stock Performance

ARES stock opened at $149.86 on Tuesday. The business’s 50-day moving average price is $164.59 and its two-hundred day moving average price is $167.57. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The firm has a market cap of $48.98 billion, a PE ratio of 64.32, a P/E/G ratio of 0.90 and a beta of 1.53. Ares Management Corporation has a 1-year low of $110.63 and a 1-year high of $200.49.

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, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.55 earnings per share. As a group, research analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Cuts Dividend

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

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.