Capital World Investors Sells 166,641 Shares of Ares Management Corporation $ARES

Capital World Investors trimmed its position in shares of Ares Management Corporation (NYSE:ARES) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,579,021 shares of the asset manager’s stock after selling 166,641 shares during the period. Capital World Investors owned approximately 3.54% of Ares Management worth $1,851,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its stake in Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Ares Management in the 2nd quarter valued at $35,000. Redmont Wealth Advisors LLC bought a new stake in shares of Ares Management during the 3rd quarter worth $40,000. Washington Trust Advisors Inc. acquired a new stake in Ares Management in the third quarter valued at about $50,000. Finally, First Horizon Corp bought a new position in Ares Management in the third quarter valued at about $51,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Ares Management news, Director Judy D. Olian bought 480 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was bought at an average cost of $124.43 per share, with a total value of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. The trade was a 1.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ashish Bhutani purchased 10,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the transaction, the director directly owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley set a $178.00 target price on shares of Ares Management in a report on Tuesday, January 27th. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Barclays dropped their price target on Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. UBS Group set a $148.00 target price on Ares Management in a report on Friday, February 20th. Finally, Oppenheimer cut their price target on Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.67.

Ares Management Trading Down 1.0%

NYSE ARES opened at $108.91 on Tuesday. The firm has a market capitalization of $35.88 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. The business’s 50-day moving average price is $143.93 and its two-hundred day moving average price is $155.76. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. Ares Management Corporation has a 12 month low of $106.02 and a 12 month high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same quarter last year, the business earned $0.55 earnings per share. On average, analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.35 per share. 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 5.0%. The ex-dividend date of this dividend is Tuesday, March 17th. Ares Management’s payout ratio is 265.09%.

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.