Ashish Bhutani Buys 10,000 Shares of Ares Management (NYSE:ARES) Stock

Ares Management Corporation (NYSE:ARES) Director Ashish Bhutani bought 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the acquisition, the director owned 34,071 shares in the company, valued at $4,313,729.31. This represents a 41.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ares Management Stock Down 0.3%

Shares of NYSE ARES traded down $0.39 during midday trading on Tuesday, reaching $136.86. 3,679,936 shares of the company’s stock traded hands, compared to its average volume of 3,657,089. The stock’s 50 day simple moving average is $162.07 and its 200-day simple moving average is $164.45. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $44.74 billion, a price-to-earnings ratio of 80.98, a P/E/G ratio of 0.82 and a beta of 1.52. Ares Management Corporation has a one year low of $110.63 and a one year high of $195.26.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.26%. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.35 dividend. This is a boost from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, March 17th. Ares Management’s dividend payout ratio is presently 265.09%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Monday. Wolfe Research set a $210.00 price target on Ares Management and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Finally, Oppenheimer dropped their target price on Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.13.

Institutional Trading of Ares Management

Several large investors have recently made changes to their positions in ARES. Exchange Traded Concepts LLC lifted its position in Ares Management by 100.0% during the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Ares Management during the 2nd quarter valued at about $35,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management in the 3rd quarter valued at about $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management in the fourth quarter worth about $42,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Ares Management in the fourth quarter worth about $42,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

About Ares Management

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.