Ares Management Corporation $ARES Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Ares Management Corporation (NYSE:ARES) by 62.0% during the third quarter, Holdings Channel.com reports. The firm owned 8,714 shares of the asset manager’s stock after selling 14,243 shares during the quarter. SG Americas Securities LLC’s holdings in Ares Management were worth $1,393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HB Wealth Management LLC lifted its holdings in Ares Management by 33.3% in the third quarter. HB Wealth Management LLC now owns 7,082 shares of the asset manager’s stock worth $1,132,000 after purchasing an additional 1,770 shares during the period. Spire Wealth Management raised its position in shares of Ares Management by 29.0% during the 3rd quarter. Spire Wealth Management now owns 3,437 shares of the asset manager’s stock worth $550,000 after buying an additional 772 shares in the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Ares Management in the 3rd quarter worth approximately $262,000. KLP Kapitalforvaltning AS boosted its holdings in shares of Ares Management by 8.9% in the third quarter. KLP Kapitalforvaltning AS now owns 77,100 shares of the asset manager’s stock valued at $12,328,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Ares Management by 22.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 115,262 shares of the asset manager’s stock valued at $18,429,000 after acquiring an additional 20,920 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 186,197 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the sale, the chief executive officer owned 290,997 shares in the company, valued at $44,449,791.75. The trade was a 39.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 590,000 shares of company stock valued at $90,653,808 over the last quarter. Company insiders own 36.86% of the company’s stock.

Ares Management Stock Performance

Shares of NYSE ARES opened at $170.00 on Friday. The stock’s fifty day simple moving average is $163.30 and its 200 day simple moving average is $168.39. The stock has a market capitalization of $55.57 billion, a price-to-earnings ratio of 72.96, a PEG ratio of 0.98 and a beta of 1.53. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. Ares Management Corporation has a 52-week low of $110.63 and a 52-week high of $200.49.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, October 31st. The asset manager reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, sell-side analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARES. Oppenheimer set a $190.00 target price on Ares Management and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Morgan Stanley dropped their price objective on Ares Management from $178.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Barclays upped their price objective on Ares Management from $218.00 to $222.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Bank of America lifted their target price on Ares Management from $196.00 to $197.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Finally, Cowen reissued a “buy” rating on shares of Ares Management in a report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and an average price target of $192.14.

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.