Nations Financial Group Inc. IA ADV Trims Stock Holdings in Ares Management Corporation $ARES

Nations Financial Group Inc. IA ADV decreased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 80.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,680 shares of the asset manager’s stock after selling 10,915 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Ares Management were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Osbon Capital Management LLC purchased a new position in shares of Ares Management in the 4th quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management during the fourth quarter worth approximately $42,000. Elyxium Wealth LLC purchased a new stake in shares of Ares Management during the fourth quarter worth approximately $42,000. Summit Securities Group LLC acquired a new stake in shares of Ares Management during the fourth quarter worth $49,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Ares Management in the 4th quarter worth $62,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

Shares of NYSE:ARES opened at $112.48 on Friday. The firm has a market capitalization of $37.10 billion, a price-to-earnings ratio of 52.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The business’s 50 day simple moving average is $123.68 and its 200-day simple moving average is $132.70. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate 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 net margin of 10.54% and a return on equity of 22.14%. During the same period in the previous year, the business earned $1.09 earnings per share. As a group, equities analysts forecast that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $1.35 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.8%. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Citizens Jmp decreased their price target on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group dropped their price objective on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.12.

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.