Cynosure Group LLC Cuts Stock Holdings in Ares Management Corporation $ARES

Cynosure Group LLC lessened its position in Ares Management Corporation (NYSE:ARES) by 62.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,780 shares of the asset manager’s stock after selling 4,645 shares during the quarter. Cynosure Group LLC’s holdings in Ares Management were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ares Management in the second quarter valued at about $35,000. Banque Transatlantique SA purchased a new position in shares of Ares Management in the first quarter worth about $39,000. Ameritas Advisory Services LLC acquired a new position in Ares Management during the second quarter worth about $43,000. Finally, Geneos Wealth Management Inc. grew its stake in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 432 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael J. Arougheti sold 56,257 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.26, for a total value of $8,846,975.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 590,000 shares of company stock valued at $90,653,808. 0.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of research reports. Cowen reissued a “buy” rating on shares of Ares Management in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods increased their price target on Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. BMO Capital Markets assumed coverage on Ares Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $156.00 price objective on the stock. Bank of America upped their target price on Ares Management from $196.00 to $197.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, UBS Group began coverage on Ares Management in a report on Thursday, December 11th. They set a “neutral” rating and a $201.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.64.

Ares Management Price Performance

ARES stock opened at $166.32 on Monday. Ares Management Corporation has a 52-week low of $110.63 and a 52-week high of $200.49. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $54.36 billion, a price-to-earnings ratio of 71.38, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. The business has a fifty day moving average of $159.13 and a two-hundred day moving average of $168.17.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business 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 period in the prior year, the business posted $0.55 EPS. As a group, research analysts anticipate that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a dividend of $0.8438 per share. The ex-dividend date was Wednesday, December 17th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.0%. Ares Management’s dividend payout ratio (DPR) is currently 192.27%.

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.