SVB Wealth LLC decreased its position in Ares Management Corporation (NYSE:ARES – Free Report) by 55.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,595 shares of the asset manager’s stock after selling 6,990 shares during the period. SVB Wealth LLC’s holdings in Ares Management were worth $610,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC raised its holdings in Ares Management by 34.6% during the 1st quarter. Evolve Private Wealth LLC now owns 3,586 shares of the asset manager’s stock worth $391,000 after purchasing an additional 922 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Ares Management by 194.4% in the 4th quarter. Hsbc Holdings PLC now owns 395,965 shares of the asset manager’s stock valued at $64,186,000 after purchasing an additional 261,474 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Ares Management in the 4th quarter valued at about $32,000. Alpine Global Management LLC grew its position in shares of Ares Management by 2,802.5% during the 4th quarter. Alpine Global Management LLC now owns 68,469 shares of the asset manager’s stock worth $11,067,000 after buying an additional 66,110 shares during the period. Finally, River Road Asset Management LLC grew its position in shares of Ares Management by 40,652.1% during the 4th quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock worth $130,484,000 after buying an additional 805,319 shares during the period. 50.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on ARES shares. Wall Street Zen raised shares of Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. TD Cowen lifted their price objective on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.
Ares Management Stock Down 5.7%
Shares of ARES opened at $113.87 on Thursday. The firm’s 50 day moving average is $123.69 and its 200-day moving average is $133.07. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $37.56 billion, a PE ratio of 52.96, a P/E/G ratio of 1.06 and a beta of 1.51.
Ares Management (NYSE:ARES – Get Free Report) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Equities research analysts forecast that Ares Management Corporation will post 6.06 EPS for the current year.
Ares Management Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.
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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