Fiduciary Alliance LLC Buys New Shares in Ares Management Corporation $ARES

Fiduciary Alliance LLC bought a new position in shares of Ares Management Corporation (NYSE:ARESFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,309 shares of the asset manager’s stock, valued at approximately $529,000.

A number of other hedge funds also recently bought and sold shares of ARES. Norges Bank acquired a new position in shares of Ares Management during the second quarter worth about $328,910,000. Vanguard Group Inc. grew its holdings in Ares Management by 9.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,936,367 shares of the asset manager’s stock worth $3,626,179,000 after acquiring an additional 1,746,376 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Ares Management in the 2nd quarter valued at approximately $161,774,000. Geode Capital Management LLC increased its position in shares of Ares Management by 7.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,454,083 shares of the asset manager’s stock valued at $596,280,000 after purchasing an additional 244,286 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Ares Management by 24.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,292 shares of the asset manager’s stock valued at $177,148,000 after purchasing an additional 240,564 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Key Ares Management News

Here are the key news stories impacting Ares Management this week:

Ares Management Stock Down 0.4%

Shares of NYSE ARES opened at $165.94 on Friday. The business has a 50-day moving average price of $155.22 and a 200 day moving average price of $168.33. The stock has a market cap of $54.24 billion, a PE ratio of 71.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.53. 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 $200.49.

Ares Management (NYSE:ARESGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.During the same quarter in the previous year, the business earned $0.55 earnings per share. Equities research analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.8438 per share. The ex-dividend date is Wednesday, December 17th. This represents a $3.38 dividend on an annualized basis and a yield of 2.0%. Ares Management’s dividend payout ratio is currently 192.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ARES shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ares Management in a research note on Monday. UBS Group assumed coverage on Ares Management in a report on Thursday, December 11th. They set a “neutral” rating and a $201.00 price target for the company. Oppenheimer set a $190.00 price objective on Ares Management and gave the company an “outperform” rating in a report on Tuesday, November 4th. Royal Bank Of Canada restated an “outperform” rating and set a $215.00 target price on shares of Ares Management in a research note on Monday, September 29th. Finally, Morgan Stanley dropped their price target on shares of Ares Management from $178.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $190.64.

Read Our Latest Analysis on ARES

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 186,197 shares of Ares Management stock in a transaction 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 transaction, the chief executive officer directly owned 290,997 shares in the company, valued at approximately $44,449,791.75. The trade was a 39.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 590,000 shares of company stock worth $90,653,808. Company insiders own 36.86% of the company’s stock.

Ares Management Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.