Sumitomo Mitsui Trust Group Inc. Decreases Position in Ares Management Corporation $ARES

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Ares Management Corporation (NYSE:ARES) by 3.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,312 shares of the asset manager’s stock after selling 14,999 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ares Management were worth $50,329,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new stake in Ares Management during the fourth quarter worth approximately $32,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ares Management in the 4th quarter valued at $42,000. Elyxium Wealth LLC purchased a new position in shares of Ares Management in the 4th quarter valued at $42,000. Summit Securities Group LLC purchased a new position in shares of Ares Management in the 4th quarter valued at $49,000. Finally, AlphaCentric Advisors LLC purchased a new position in shares of Ares Management in the 4th quarter valued at $62,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARES has been the subject of a number of research reports. Barclays reduced their price target on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Citigroup reissued an “outperform” rating on shares of Ares Management in a research report on Thursday. Finally, Citizens Jmp dropped their price target on Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.47.

Ares Management Stock Up 0.2%

Shares of NYSE:ARES opened at $122.07 on Monday. The stock has a market cap of $40.26 billion, a P/E ratio of 56.78, a P/E/G ratio of 1.08 and a beta of 1.51. The firm has a fifty day moving average price of $123.71 and a 200 day moving average price of $128.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 22.14% and a net margin of 10.54%.During the same period in the previous year, the business posted $1.09 earnings per share. Sell-side analysts predict that Ares Management Corporation will post 6.03 EPS for the current year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. Ares Management’s dividend payout ratio (DPR) 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.