Rockefeller Capital Management L.P. trimmed its stake in Ares Management Corporation (NYSE:ARES – Free Report) by 21.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,564 shares of the asset manager’s stock after selling 56,830 shares during the period. Rockefeller Capital Management L.P.’s holdings in Ares Management were worth $33,549,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Vulcan Value Partners LLC grew its position in Ares Management by 10.6% in the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock worth $215,785,000 after acquiring an additional 129,368 shares in the last quarter. Hudson Bay Capital Management LP increased its stake in Ares Management by 1,903.9% in the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after acquiring an additional 57,687 shares during the last quarter. Quilter Plc raised its position in Ares Management by 5.6% during the fourth 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 in the last quarter. CI Investments Inc. raised its position in Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after purchasing an additional 221,055 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Ares Management during the third quarter worth about $2,971,000. 50.03% of the stock is currently owned by institutional investors.
Ares Management Stock Performance
NYSE ARES opened at $129.41 on Monday. The company has a 50-day simple moving average of $122.70 and a two-hundred day simple moving average of $133.95. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 60.19, a PEG ratio of 1.13 and a beta of 1.51. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ARES. JPMorgan Chase & Co. cut their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Morgan Stanley cut their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Barclays lifted their price target on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.
Read Our Latest Stock Report on Ares Management
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.
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