Richard Bernstein Advisors LLC Reduces Stock Position in Ares Management Corporation $ARES

Richard Bernstein Advisors LLC reduced its stake in Ares Management Corporation (NYSE:ARES) by 42.1% in the third quarter, Holdings Channel.com reports. The fund owned 9,766 shares of the asset manager’s stock after selling 7,109 shares during the period. Richard Bernstein Advisors LLC’s holdings in Ares Management were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ARES. Nemes Rush Group LLC increased its position in shares of Ares Management by 3.1% during the second quarter. Nemes Rush Group LLC now owns 1,745 shares of the asset manager’s stock valued at $302,000 after buying an additional 52 shares during the period. Kingsview Wealth Management LLC grew its stake in Ares Management by 4.0% during the second 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 in the last quarter. Secure Asset Management LLC increased its holdings in Ares Management by 0.8% during the 3rd quarter. Secure Asset Management LLC now owns 8,329 shares of the asset manager’s stock worth $1,284,000 after acquiring an additional 70 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ares Management by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after purchasing an additional 70 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in Ares Management by 5.1% in the 2nd quarter. CreativeOne Wealth LLC now owns 1,482 shares of the asset manager’s stock worth $257,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ARES has been the subject of a number of recent analyst reports. UBS Group set a $148.00 price target on shares of Ares Management in a research report on Friday, February 20th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Morgan Stanley set a $178.00 price target on Ares Management in a report on Tuesday, January 27th. Royal Bank Of Canada decreased their price objective on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price for the company in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.67.

Insiders Place Their Bets

In other Ares Management news, Director Ashish Bhutani acquired 10,000 shares of the stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the purchase, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Judy D. Olian acquired 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, for a total transaction of $59,726.40. Following the purchase, the director directly owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by insiders.

Ares Management Stock Performance

NYSE:ARES opened at $108.55 on Wednesday. The firm has a market cap of $35.76 billion, a PE ratio of 64.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50 day moving average price of $142.84 and a 200-day moving average price of $155.25. Ares Management Corporation has a fifty-two week low of $105.47 and a fifty-two week high of $195.26.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.45 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 19.04%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Equities research analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid 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 dividend yield of 5.0%. The ex-dividend date is Tuesday, March 17th. Ares Management’s dividend payout ratio (DPR) is presently 265.09%.

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.