43,822 Shares in Ares Management Corporation $ARES Purchased by SEB Asset Management AB

SEB Asset Management AB purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,822 shares of the asset manager’s stock, valued at approximately $4,781,000.

A number of other large investors also recently bought and sold shares of ARES. Quilter Plc lifted its stake in shares of Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after purchasing an additional 37,366 shares during the period. New York Life Investment Management LLC grew its position in Ares Management by 1,033.1% during the fourth quarter. New York Life Investment Management LLC now owns 28,272 shares of the asset manager’s stock valued at $4,570,000 after buying an additional 25,777 shares during the period. Osprey Private Wealth LLC increased its holdings in Ares Management by 25.6% in the fourth quarter. Osprey Private Wealth LLC now owns 64,530 shares of the asset manager’s stock valued at $10,430,000 after buying an additional 13,165 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 in the last quarter. Finally, M&T Bank Corp raised its position in shares of Ares Management by 169.3% in the fourth quarter. M&T Bank Corp now owns 26,526 shares of the asset manager’s stock worth $4,287,000 after acquiring an additional 16,677 shares during the period. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Stock Down 0.8%

Shares of NYSE ARES opened at $119.76 on Thursday. The firm has a market cap of $39.50 billion, a price-to-earnings ratio of 55.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. The company’s 50-day simple moving average is $123.57 and its 200-day simple moving average is $125.94. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same quarter last year, the company earned $1.09 EPS. Equities analysts predict that Ares Management Corporation will post 5.99 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 4.5%. Ares Management’s dividend payout ratio is presently 251.16%.

Analyst Ratings Changes

ARES has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of Ares Management to a “hold” rating in a research note on Monday. BMO Capital Markets lifted their price target on Ares Management from $125.00 to $128.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Citizens Jmp lowered their price target on Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Ares Management has an average rating of “Moderate Buy” and an average price target of $158.93.

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.