Brown Advisory Inc. Decreases Holdings in Ares Management Corporation $ARES

Brown Advisory Inc. trimmed its position in shares of Ares Management Corporation (NYSE:ARES) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,391,001 shares of the asset manager’s stock after selling 479,961 shares during the period. Brown Advisory Inc.’s holdings in Ares Management were worth $386,461,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ARES. AQR Capital Management LLC raised its holdings 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 valued at $1,519,000 after buying an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ares Management by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after buying an additional 70 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Ares Management by 42.7% during the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after buying an additional 1,853 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Ares Management by 15.3% during the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after buying an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised 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 buying an additional 432 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Price Performance

Shares of Ares Management stock opened at $134.98 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The business’s 50 day simple moving average is $119.83 and its two-hundred day simple moving average is $134.91. The stock has a market capitalization of $44.52 billion, a P/E ratio of 62.78, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.09 earnings per share. Analysts forecast that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.

Wall Street Analyst Weigh In

ARES has been the topic of a number of research reports. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. UBS Group set a $148.00 price objective on Ares Management in a report on Friday, February 20th. Morgan Stanley decreased their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group decreased their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and a consensus target price of $162.56.

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.