Equitable Trust Co. Sells 5,081 Shares of Ares Management Corporation $ARES

Equitable Trust Co. lessened its holdings in shares of Ares Management Corporation (NYSE:ARES) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,991 shares of the asset manager’s stock after selling 5,081 shares during the quarter. Equitable Trust Co.’s holdings in Ares Management were worth $3,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osbon Capital Management LLC purchased a new position in Ares Management during the 4th quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Ares Management during the fourth quarter valued at $42,000. Elyxium Wealth LLC bought a new stake in shares of Ares Management during the 4th quarter valued at $42,000. Summit Securities Group LLC bought a new stake in shares of Ares Management during the 4th quarter valued at $49,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Ares Management in the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on ARES shares. JPMorgan Chase & Co. decreased their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. BMO Capital Markets decreased their target price on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Citizens Jmp lowered their target price on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.19.

Ares Management Trading Up 3.1%

NYSE:ARES opened at $121.65 on Friday. The stock has a market cap of $40.13 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.04 and a beta of 1.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average price is $123.48 and its 200-day moving average price is $128.76. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26.

Ares Management (NYSE:ARES) last announced 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 firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, equities research analysts forecast that Ares Management Corporation will post 6.04 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. Ares Management’s dividend payout ratio (DPR) 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.