CIBC Private Wealth Group LLC Raises Holdings in Ares Management Corporation $ARES

CIBC Private Wealth Group LLC boosted its stake in shares of Ares Management Corporation (NYSE:ARES) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,007,852 shares of the asset manager’s stock after acquiring an additional 76,073 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Ares Management were worth $161,145,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ares Management by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,676,470 shares of the asset manager’s stock worth $3,465,851,000 after purchasing an additional 740,103 shares in the last quarter. Capital International Investors grew its stake in shares of Ares Management by 0.4% during the 3rd quarter. Capital International Investors now owns 4,243,194 shares of the asset manager’s stock worth $678,448,000 after purchasing an additional 15,913 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Ares Management by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after purchasing an additional 94,825 shares in the last quarter. LRI Investments LLC lifted its stake in shares of Ares Management by 10.2% in the 3rd quarter. LRI Investments LLC now owns 2,586,253 shares of the asset manager’s stock valued at $413,516,000 after purchasing an additional 238,531 shares during the period. Finally, Norges Bank acquired a new position in shares of Ares Management in the 2nd quarter valued at $328,910,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Price Performance

Shares of NYSE ARES opened at $105.69 on Wednesday. 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 firm has a fifty day moving average of $136.24 and a 200 day moving average of $152.51. The firm has a market cap of $34.82 billion, a PE ratio of 62.54, a PEG ratio of 0.74 and a beta of 1.55. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.04%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, research analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.35 per share. This is a boost from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date is Tuesday, March 17th. This represents a $5.40 annualized dividend and a dividend yield of 5.1%. Ares Management’s payout ratio is currently 265.09%.

Analyst Ratings Changes

Several research firms recently commented on ARES. Morgan Stanley set a $178.00 price target on shares of Ares Management in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price on the stock in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reduced their price target on Ares Management from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.67.

Insider Transactions at Ares Management

In other news, Director Judy D. Olian acquired 480 shares of the business’s stock in a transaction on 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 owned 29,734 shares in the company, valued at approximately $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ashish Bhutani bought 10,000 shares of Ares Management stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. The trade was a 41.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.52% of the company’s stock.

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.