Hsbc Holdings PLC Has $64.19 Million Stock Holdings in Ares Management Corporation $ARES

Hsbc Holdings PLC grew its holdings in Ares Management Corporation (NYSE:ARES) by 194.4% during the 4th quarter, HoldingsChannel reports. The firm owned 395,965 shares of the asset manager’s stock after purchasing an additional 261,474 shares during the quarter. Hsbc Holdings PLC’s holdings in Ares Management were worth $64,186,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Ares Management by 116.7% during the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after buying an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after acquiring an additional 70 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Ares Management by 42.7% in the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after purchasing an additional 1,853 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Ares Management by 15.3% in the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after purchasing an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citizens Jmp lowered their price objective on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Barclays boosted their target price on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. The Goldman Sachs Group cut 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. Finally, Oppenheimer restated an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $163.12.

Ares Management Price Performance

Shares of NYSE:ARES opened at $116.72 on Monday. The firm has a market cap of $38.50 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51. The firm’s fifty day moving average is $122.94 and its 200-day moving average is $130.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26.

Ares Management (NYSE:ARES) last issued 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 business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period in the prior year, the firm earned $1.09 EPS. Sell-side analysts predict that Ares Management Corporation will post 6.04 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 annualized dividend and a yield of 4.6%. Ares Management’s payout ratio is presently 251.16%.

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.