Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Ares Management Corporation (NYSE:ARES – Free Report) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,700 shares of the asset manager’s stock after selling 11,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ares Management were worth $5,770,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in Ares Management in the third quarter worth $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management in the fourth quarter worth $42,000. Elyxium Wealth LLC purchased a new stake in Ares Management in the fourth quarter worth $42,000. Washington Trust Advisors Inc. purchased a new stake in Ares Management in the third quarter worth $50,000. Finally, Leonteq Securities AG purchased a new stake in Ares Management in the fourth quarter worth $70,000. 50.03% of the stock is owned by hedge funds and other institutional investors.
Ares Management Trading Up 0.2%
Ares Management stock opened at $125.92 on Monday. 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 one year low of $95.80 and a one year high of $195.26. The stock has a market capitalization of $41.53 billion, a PE ratio of 58.57, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The business’s fifty day moving average is $117.49 and its 200 day moving average is $135.34.
Ares Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.3%. Ares Management’s dividend payout ratio is currently 251.16%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. UBS Group set a $148.00 price target on Ares Management in a research note on Friday, February 20th. TD Cowen reduced their price target on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. JPMorgan Chase & Co. reduced their price target on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.56.
View Our Latest Stock Report on ARES
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.
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