Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Ares Management Corporation (NYSE:ARES – Free Report) by 31.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 144,625 shares of the asset manager’s stock after purchasing an additional 34,734 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ares Management were worth $23,376,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake 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 acquiring an additional 4,373,955 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Ares Management by 26.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after purchasing an additional 1,187,174 shares during the period. Marshall Wace LLP boosted its holdings in Ares Management by 487.4% during the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock valued at $145,925,000 after purchasing an additional 757,293 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Ares Management by 1,172.9% during the third quarter. Balyasny Asset Management L.P. now owns 622,796 shares of the asset manager’s stock valued at $99,579,000 after purchasing an additional 573,870 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Ares Management by 8.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock valued at $620,616,000 after purchasing an additional 304,920 shares during the period. 50.03% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Ashish Bhutani acquired 10,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the acquisition, the director directly owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Judy D. Olian acquired 480 shares of the stock in a transaction on Friday, February 20th. The stock was bought at an average price of $124.43 per share, with a total value of $59,726.40. Following the transaction, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This represents a 1.64% increase in their position. The SEC filing for this purchase provides additional information. 0.52% of the stock is owned by corporate insiders.
Ares Management Stock Performance
Ares Management (NYSE:ARES – Get Free Report) last released 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 $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a return on equity of 22.02% and a net margin of 10.54%.During the same quarter last year, the company earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Ares Management Corporation will post 6.09 EPS for the current fiscal year.
Ares Management Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is currently 251.16%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ARES. Morgan Stanley dropped their target price 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. TD Cowen reiterated a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. BMO Capital Markets cut their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Finally, Oppenheimer restated an “outperform” rating and issued a $146.00 target price (down from $147.00) on shares of Ares Management in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $166.06.
Get Our Latest Stock Report on ARES
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.
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