Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in Ares Management Corporation $ARES

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Ares Management Corporation (NYSE:ARES) by 12.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,100 shares of the asset manager’s stock after purchasing an additional 5,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ares Management were worth $7,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its position in Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after acquiring an additional 95 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Ares Management in the second quarter valued at approximately $35,000. Ameritas Advisory Services LLC bought a new position in Ares Management during the second quarter valued at $43,000. First Horizon Corp bought a new position in Ares Management during the third quarter valued at $51,000. Finally, Geneos Wealth Management Inc. increased its position in Ares Management by 708.2% in the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after buying an additional 432 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Stock Performance

NYSE ARES opened at $170.00 on Friday. The company’s 50 day simple moving average is $163.30 and its two-hundred day simple moving average is $168.35. The stock has a market capitalization of $55.57 billion, a PE ratio of 72.96, a P/E/G ratio of 0.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. Ares Management Corporation has a 1 year low of $110.63 and a 1 year high of $200.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates 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 last year, the company earned $0.55 earnings per share. Analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Cuts Dividend

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

Insider Activity at Ares Management

In other news, CEO Michael J. Arougheti sold 186,197 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total value of $28,441,591.75. Following the completion of the sale, the chief executive officer owned 290,997 shares of the company’s stock, valued at approximately $44,449,791.75. The trade was a 39.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 590,000 shares of company stock valued at $90,653,808 in the last quarter. 36.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ARES. Oppenheimer set a $190.00 price target on Ares Management and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a report on Tuesday, October 21st. TD Cowen increased their target price on shares of Ares Management from $197.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays boosted their price target on shares of Ares Management from $218.00 to $222.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.14.

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.