SVB Wealth LLC Has $610,000 Position in Ares Management Corporation $ARES

SVB Wealth LLC cut its position in Ares Management Corporation (NYSE:ARES) by 55.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,595 shares of the asset manager’s stock after selling 6,990 shares during the period. SVB Wealth LLC’s holdings in Ares Management were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Osbon Capital Management LLC bought a new position in shares of Ares Management in the fourth quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Ares Management during the fourth quarter worth $42,000. Elyxium Wealth LLC bought a new stake in Ares Management during the fourth quarter worth $42,000. Summit Securities Group LLC purchased a new stake in Ares Management in the 4th quarter valued at $49,000. Finally, AlphaCentric Advisors LLC bought a new position in Ares Management during the 4th quarter valued at $62,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Performance

NYSE ARES opened at $113.87 on Thursday. The company’s 50 day moving average is $123.69 and its 200-day moving average is $133.07. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. 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 firm has a market cap of $37.56 billion, a P/E ratio of 52.96, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.

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 business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same quarter in the previous year, the company posted $1.09 earnings per share. Sell-side analysts predict that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.7%. Ares Management’s dividend payout ratio is currently 251.16%.

Analysts Set New Price Targets

Several research firms recently weighed in on ARES. Barclays boosted their price target on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Oppenheimer restated an “outperform” rating and issued a $146.00 price objective (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. Finally, Morgan Stanley decreased their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $163.12.

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.