Ares Management Corporation $ARES Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Ares Management Corporation (NYSE:ARES) by 62.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,714 shares of the asset manager’s stock after selling 14,243 shares during the quarter. SG Americas Securities LLC’s holdings in Ares Management were worth $1,393,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC boosted its stake in shares of Ares Management by 33.3% during the 3rd quarter. HB Wealth Management LLC now owns 7,082 shares of the asset manager’s stock valued at $1,132,000 after buying an additional 1,770 shares during the last quarter. Spire Wealth Management boosted its stake in Ares Management by 29.0% during the 3rd quarter. Spire Wealth Management now owns 3,437 shares of the asset manager’s stock valued at $550,000 after acquiring an additional 772 shares during the last quarter. Moran Wealth Management LLC bought a new position in Ares Management during the 3rd quarter valued at $262,000. KLP Kapitalforvaltning AS grew its holdings in Ares Management by 8.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 77,100 shares of the asset manager’s stock worth $12,328,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Ares Management by 22.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 115,262 shares of the asset manager’s stock worth $18,429,000 after purchasing an additional 20,920 shares during the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Trading Up 0.3%

Shares of NYSE ARES opened at $170.00 on Friday. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $200.49. The company has a market cap of $55.57 billion, a price-to-earnings ratio of 72.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $163.30 and its 200 day simple moving average is $168.39.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.During the same period last year, the company earned $0.55 earnings per share. Equities research analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.8438 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $3.38 annualized dividend and a yield of 2.0%. Ares Management’s dividend payout ratio (DPR) is currently 192.27%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a report on Tuesday, October 21st. Cowen reiterated a “buy” rating on shares of Ares Management in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Finally, Bank of America lifted their price objective on shares of Ares Management from $196.00 to $197.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.14.

Insider Activity at Ares Management

In other news, CEO Michael J. Arougheti sold 56,257 shares of Ares Management stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.26, for a total transaction of $8,846,975.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 590,000 shares of company stock valued at $90,653,808 in the last quarter. 36.86% of the stock is currently owned by company insiders.

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.