Atria Investments Inc Increases Holdings in Ares Management Corporation $ARES

Atria Investments Inc lifted its stake in shares of Ares Management Corporation (NYSE:ARES) by 29.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,787 shares of the asset manager’s stock after purchasing an additional 4,293 shares during the quarter. Atria Investments Inc’s holdings in Ares Management were worth $3,004,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. 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 valued at $3,626,179,000 after buying an additional 1,746,376 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Ares Management by 2.8% in the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after acquiring an additional 94,825 shares during the period. Geode Capital Management LLC grew its stake in Ares Management by 7.6% during the second quarter. Geode Capital Management LLC now owns 3,454,083 shares of the asset manager’s stock valued at $596,280,000 after acquiring an additional 244,286 shares in the last quarter. LRI Investments LLC grew its stake in Ares Management by 10.2% during the third quarter. LRI Investments LLC now owns 2,586,253 shares of the asset manager’s stock valued at $413,516,000 after acquiring an additional 238,531 shares in the last quarter. Finally, Norges Bank bought a new stake in Ares Management during the 2nd quarter worth approximately $328,910,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

ARES opened at $133.98 on Monday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $43.79 billion, a P/E ratio of 79.28, a PEG ratio of 0.81 and a beta of 1.52. The stock has a 50-day moving average price of $160.37 and a 200-day moving average price of $163.34. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $195.26.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a return on equity of 19.26% and a net margin of 9.41%.During the same quarter in the previous year, the firm earned $0.55 EPS. Equities analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.35 dividend. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s dividend payout ratio is currently 265.09%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ARES shares. UBS Group cut their price target on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Morgan Stanley set a $178.00 price objective on Ares Management in a research report on Tuesday, January 27th. TD Cowen restated a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Raymond James Financial upgraded 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. Finally, Royal Bank Of Canada dropped their price target on Ares Management from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $185.13.

Insider Buying and Selling at Ares Management

In other Ares Management news, Director Ashish Bhutani purchased 10,000 shares of the stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the purchase, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Arougheti sold 186,197 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 590,000 shares of company stock worth $90,653,808. 0.52% of the stock is owned by insiders.

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.