Munro Partners Purchases Shares of 364,115 Ares Management Corporation $ARES

Munro Partners acquired a new position in Ares Management Corporation (NYSE:ARES) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 364,115 shares of the asset manager’s stock, valued at approximately $58,218,000.

Other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC raised its position in Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Ares Management during the 2nd quarter valued at about $35,000. Banque Transatlantique SA acquired a new position in shares of Ares Management in the 1st quarter worth approximately $39,000. Ameritas Advisory Services LLC bought a new stake in shares of Ares Management in the 2nd quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. lifted its stake in 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 purchasing an additional 432 shares during the last quarter. Institutional investors own 50.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael J. Arougheti sold 186,197 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the completion of the sale, the chief executive officer directly owned 290,997 shares of the company’s stock, valued at $44,449,791.75. This trade represents a 39.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 590,000 shares of company stock valued at $90,653,808. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

ARES has been the topic of several recent research reports. UBS Group assumed coverage on shares of Ares Management in a research report on Thursday, December 11th. They issued a “neutral” rating and a $201.00 price target on the stock. BMO Capital Markets initiated coverage on Ares Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $156.00 price objective for the company. Citigroup restated a “market outperform” rating on shares of Ares Management in a report on Tuesday, October 21st. Oppenheimer set a $190.00 target price on Ares Management and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ares Management in a research report on Monday, December 15th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.64.

Ares Management Stock Performance

Shares of Ares Management stock opened at $168.52 on Wednesday. Ares Management Corporation has a 12 month low of $110.63 and a 12 month high of $200.49. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $55.08 billion, a PE ratio of 72.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.53. The business has a fifty day simple moving average of $156.13 and a 200-day simple moving average of $168.29.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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 firm 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 business earned $0.55 EPS. On average, sell-side analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a $0.8438 dividend. This represents a $3.38 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, December 17th. Ares Management’s dividend payout ratio is presently 192.27%.

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.