Chilton Capital Management LLC Has $49.48 Million Stock Holdings in Ares Management Corporation $ARES

Chilton Capital Management LLC raised its position in Ares Management Corporation (NYSE:ARES) by 89.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,447 shares of the asset manager’s stock after acquiring an additional 145,872 shares during the period. Ares Management comprises approximately 1.7% of Chilton Capital Management LLC’s holdings, making the stock its 18th largest holding. Chilton Capital Management LLC owned 0.09% of Ares Management worth $49,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of 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 purchasing an additional 52 shares during the period. New York Life Investment Management LLC increased its holdings in Ares Management by 2.0% in the 2nd quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock valued at $534,000 after buying an additional 59 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Ares Management by 10.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock valued at $109,000 after buying an additional 59 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Ares Management by 1.3% in the 2nd quarter. MGO One Seven LLC now owns 4,576 shares of the asset manager’s stock valued at $793,000 after buying an additional 60 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Ares Management by 4.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 1,625 shares of the asset manager’s stock worth $281,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Down 3.9%

Shares of ARES opened at $149.86 on Tuesday. The company has a market capitalization of $48.98 billion, a P/E ratio of 64.32, a PEG ratio of 0.90 and a beta of 1.53. Ares Management Corporation has a one year low of $110.63 and a one year high of $200.49. The business’s 50 day simple moving average is $164.59 and its 200-day simple moving average is $167.57. 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 (NYSE:ARES) last issued 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 firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 company posted $0.55 EPS. As a group, sell-side analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 annualized dividend and a yield of 2.3%. Ares Management’s dividend payout ratio is 192.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ARES. Morgan Stanley lowered their target price 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. TD Cowen reiterated a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Barclays boosted their price target on Ares Management from $218.00 to $222.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Finally, BMO Capital Markets initiated coverage on Ares Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $156.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.57.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 186,197 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 290,997 shares in the company, valued at approximately $44,449,791.75. This trade represents a 39.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 590,000 shares of company stock worth $90,653,808. 0.52% of the stock is owned by corporate insiders.

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.