Ares Management Corporation $ARES Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its holdings in shares of Ares Management Corporation (NYSE:ARES) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,758,316 shares of the asset manager’s stock after selling 261,703 shares during the quarter. Clearbridge Investments LLC owned about 0.54% of Ares Management worth $284,197,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Ares Management by 20.2% in the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after buying an additional 4,373,955 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ares Management by 26.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock valued at $922,196,000 after buying an additional 1,187,174 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ares Management by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after buying an additional 1,963,460 shares during the period. Capital International Investors lifted its holdings in shares of Ares Management by 0.3% in the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock valued at $688,176,000 after buying an additional 14,516 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Ares Management by 8.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock valued at $620,616,000 after buying an additional 304,920 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ARES. Wall Street Zen upgraded Ares Management from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley cut their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. One 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 stock. According to MarketBeat, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Trading Down 3.5%

Shares of NYSE ARES opened at $125.92 on Friday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The company has a market cap of $41.53 billion, a price-to-earnings ratio of 58.57, a P/E/G ratio of 1.10 and a beta of 1.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $117.49 and a 200-day simple moving average of $135.38.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company earned $1.09 earnings per share. Sell-side analysts predict that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is currently 251.16%.

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.