Running Point Capital Advisors LLC Sells 5,614 Shares of Ares Management Corporation $ARES

Running Point Capital Advisors LLC reduced its position in Ares Management Corporation (NYSE:ARES) by 14.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,953 shares of the asset manager’s stock after selling 5,614 shares during the period. Ares Management comprises 1.5% of Running Point Capital Advisors LLC’s holdings, making the stock its 16th largest position. Running Point Capital Advisors LLC’s holdings in Ares Management were worth $5,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Ares Management by 12.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,100 shares of the asset manager’s stock valued at $7,531,000 after buying an additional 5,200 shares during the last quarter. Stephens Inc. AR raised its stake in Ares Management by 2.3% in the 3rd quarter. Stephens Inc. AR now owns 60,758 shares of the asset manager’s stock valued at $9,715,000 after acquiring an additional 1,345 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in Ares Management by 55.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,281 shares of the asset manager’s stock valued at $1,324,000 after purchasing an additional 2,956 shares during the last quarter. Quent Capital LLC bought a new position in Ares Management during the third quarter worth $116,000. Finally, Nordea Investment Management AB boosted its position in Ares Management by 7.4% during the third quarter. Nordea Investment Management AB now owns 53,957 shares of the asset manager’s stock worth $8,472,000 after purchasing an additional 3,729 shares during the period. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Down 0.3%

Shares of NYSE ARES opened at $169.48 on Friday. The company has a market cap of $55.40 billion, a price-to-earnings ratio of 72.74, a PEG ratio of 1.00 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. Ares Management Corporation has a 12 month low of $110.63 and a 12 month high of $200.49. The stock has a 50-day moving average price of $162.97 and a two-hundred day moving average price of $168.41.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.55 EPS. As a group, analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 17th. Ares Management’s payout ratio is 192.27%.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 56,257 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.26, for a total transaction of $8,846,975.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 590,000 shares of company stock valued at $90,653,808 over the last ninety days. Corporate insiders own 36.86% of the company’s stock.

Analysts Set New Price Targets

ARES has been the topic of a number of research reports. TD Cowen boosted their price target on Ares Management from $197.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley decreased their price target on shares of Ares Management from $178.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Barclays lifted their price objective on shares of Ares Management from $218.00 to $222.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Keefe, Bruyette & Woods increased their target price 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. Finally, Wolfe Research set a $210.00 price target on shares of Ares Management and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $192.14.

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.