SVB Wealth LLC Lowers Position in Ares Management Corporation $ARES

SVB Wealth LLC decreased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 19.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,010 shares of the asset manager’s stock after selling 4,333 shares during the period. SVB Wealth LLC’s holdings in Ares Management were worth $2,880,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARES. Nemes Rush Group LLC lifted its position in shares of Ares Management by 3.1% in the 2nd quarter. Nemes Rush Group LLC now owns 1,745 shares of the asset manager’s stock worth $302,000 after purchasing an additional 52 shares during the period. New York Life Investment Management LLC raised its stake in Ares Management by 2.0% in the second quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock worth $534,000 after buying an additional 59 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Ares Management by 10.3% during the second quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock worth $109,000 after buying an additional 59 shares during the period. MGO One Seven LLC boosted its position in Ares Management by 1.3% during the 2nd quarter. MGO One Seven LLC now owns 4,576 shares of the asset manager’s stock valued at $793,000 after acquiring an additional 60 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Ares Management by 4.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 1,625 shares of the asset manager’s stock valued at $281,000 after acquiring an additional 63 shares during the period. Institutional investors own 50.03% of the company’s stock.

Insider Transactions at Ares Management

In other news, Director Ashish Bhutani acquired 10,000 shares of Ares Management stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the purchase, the director directly owned 34,071 shares in the company, valued at $4,313,729.31. This trade represents a 41.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Arougheti sold 186,197 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $152.75, for a total value of $28,441,591.75. Following the completion of the sale, the chief executive officer owned 290,997 shares in the company, valued at approximately $44,449,791.75. This represents a 39.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 590,000 shares of company stock worth $90,653,808 over the last three months. Corporate insiders own 0.52% of the company’s stock.

Ares Management Stock Performance

ARES opened at $136.86 on Wednesday. The firm’s 50-day moving average price is $162.07 and its 200-day moving average price is $164.45. The company has a market cap of $44.74 billion, a P/E ratio of 80.98, a price-to-earnings-growth ratio of 0.82 and a beta of 1.52. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. Ares Management Corporation has a 52-week low of $110.63 and a 52-week high of $195.26.

Ares Management (NYSE:ARES) last issued 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). Ares Management had a net margin of 9.41% and a return on equity of 19.26%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, equities analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on ARES shares. Barclays reduced their price target on Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. The Goldman Sachs Group cut their price objective on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen reiterated a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Finally, Citigroup reissued a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.13.

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.