Y Intercept Hong Kong Ltd Buys Shares of 9,341 Ares Management Corporation $ARES

Y Intercept Hong Kong Ltd purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,341 shares of the asset manager’s stock, valued at approximately $1,494,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARES. Nemes Rush Group LLC boosted its position in Ares Management by 3.1% during the 2nd quarter. Nemes Rush Group LLC now owns 1,745 shares of the asset manager’s stock worth $302,000 after buying an additional 52 shares during the period. New York Life Investment Management LLC raised its stake in shares of Ares Management by 2.0% during the second quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock valued at $534,000 after acquiring an additional 59 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Ares Management by 10.3% during the second quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock worth $109,000 after purchasing an additional 59 shares during the period. MGO One Seven LLC grew its stake in shares of Ares Management by 1.3% in the second quarter. MGO One Seven LLC now owns 4,576 shares of the asset manager’s stock worth $793,000 after purchasing an additional 60 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Ares Management by 4.0% in the second quarter. Kingsview Wealth Management LLC now owns 1,625 shares of the asset manager’s stock valued at $281,000 after purchasing an additional 63 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 186,197 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total value of $28,441,591.75. Following the transaction, the chief executive officer owned 290,997 shares in the company, valued at approximately $44,449,791.75. This represents a 39.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 590,000 shares of company stock valued at $90,653,808 in the last 90 days. 36.86% of the stock is currently owned by corporate insiders.

Ares Management Stock Performance

NYSE:ARES opened at $149.73 on Friday. 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 twelve month low of $110.63 and a twelve month high of $200.49. The company has a fifty day moving average of $165.01 and a 200-day moving average of $166.93. The firm has a market capitalization of $48.94 billion, a P/E ratio of 64.26, a P/E/G ratio of 0.87 and a beta of 1.53.

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

Ares Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were paid a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, December 17th. Ares Management’s dividend payout ratio is 192.27%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARES. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Barclays lifted their price objective on Ares Management from $218.00 to $222.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Oppenheimer reissued an “outperform” rating and set a $224.00 target price on shares of Ares Management in a research report on Tuesday, January 20th. Finally, BMO Capital Markets started coverage on shares of Ares Management in a research report on Friday, October 3rd. They issued a “market perform” rating and a $156.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.79.

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.