Ares Management Corporation $ARES Shares Sold by Osprey Private Wealth LLC

Osprey Private Wealth LLC lowered its stake in Ares Management Corporation (NYSE:ARESFree Report) by 7.7% during the first quarter, HoldingsChannel reports. The firm owned 59,530 shares of the asset manager’s stock after selling 5,000 shares during the quarter. Ares Management comprises approximately 1.9% of Osprey Private Wealth LLC’s portfolio, making the stock its 24th biggest holding. Osprey Private Wealth LLC’s holdings in Ares Management were worth $6,495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARES. Osbon Capital Management LLC acquired a new stake in Ares Management in the fourth quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Ares Management during the 4th quarter valued at about $42,000. Elyxium Wealth LLC purchased a new position in Ares Management during the 4th quarter valued at about $42,000. Summit Securities Group LLC purchased a new position in Ares Management during the fourth quarter worth $49,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Ares Management in the fourth quarter worth $62,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Up 0.3%

Shares of ARES traded up $0.41 during midday trading on Friday, hitting $122.07. The company had a trading volume of 1,087,076 shares, compared to its average volume of 2,350,252. The stock has a market cap of $40.26 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 1.07 and a beta of 1.51. The company’s 50 day moving average price is $123.71 and its 200 day moving average price is $128.71. 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 Corporation has a 52 week low of $95.80 and a 52 week high of $195.26.

Ares Management (NYSE:ARESGet Free Report) last posted 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 firm had revenue of $1.40 billion during the quarter, compared to analyst estimates 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 last year, the business posted $1.09 earnings per share. On average, equities research analysts predict that Ares Management Corporation will post 6.03 EPS for the current year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ARES shares. Oppenheimer reiterated 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, May 4th. The Goldman Sachs Group cut their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Finally, Barclays dropped their price target on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.47.

View Our Latest Research Report on ARES

Ares Management 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.

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

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