BI Asset Management Fondsmaeglerselskab A S Trims Stock Holdings in Ares Management Corporation $ARES

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Ares Management Corporation (NYSE:ARESFree Report) by 96.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,566 shares of the asset manager’s stock after selling 42,508 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ares Management were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ARES. Osbon Capital Management LLC purchased a new stake in shares of Ares Management in the 4th quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Ares Management during the 4th quarter worth approximately $42,000. Elyxium Wealth LLC acquired a new stake in Ares Management in the 4th quarter valued at approximately $42,000. Summit Securities Group LLC acquired a new stake in Ares Management in the 4th quarter valued at approximately $49,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Ares Management in the 4th quarter valued at approximately $62,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Stock Performance

NYSE:ARES opened at $112.48 on Friday. The firm has a market capitalization of $37.10 billion, a PE ratio of 52.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The business’s fifty day moving average price is $123.68 and its 200 day moving average price is $132.70. 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 12 month low of $95.80 and a 12 month high of $195.26.

Ares Management (NYSE:ARESGet Free Report) last posted its 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 business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $1.09 EPS. On average, sell-side analysts anticipate that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 4.8%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.

Analyst Ratings Changes

A number of research analysts have commented on ARES shares. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. TD Cowen lifted their price objective on Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their target price 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, The Goldman Sachs Group lowered their target price on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.12.

Check Out Our Latest Report on ARES

Ares Management Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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