Ares Management Corporation $ARES Shares Purchased by Avestar Capital LLC

Avestar Capital LLC grew its position in shares of Ares Management Corporation (NYSE:ARES) by 218.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,911 shares of the asset manager’s stock after buying an additional 4,053 shares during the period. Avestar Capital LLC’s holdings in Ares Management were worth $945,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NewEdge Wealth LLC lifted its position in shares of Ares Management by 46.8% in the 3rd quarter. NewEdge Wealth LLC now owns 12,442 shares of the asset manager’s stock worth $1,907,000 after buying an additional 3,966 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Ares Management during the third quarter worth about $40,000. Axxcess Wealth Management LLC lifted its holdings in Ares Management by 69.0% in the third quarter. Axxcess Wealth Management LLC now owns 3,453 shares of the asset manager’s stock worth $552,000 after acquiring an additional 1,410 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Ares Management in the third quarter valued at approximately $570,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ares Management by 9.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 45,566 shares of the asset manager’s stock valued at $7,286,000 after purchasing an additional 4,079 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Ares Management Stock Performance

Shares of ARES opened at $130.02 on Friday. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $195.26. The stock has a market capitalization of $42.50 billion, a P/E ratio of 76.93, a P/E/G ratio of 0.81 and a beta of 1.52. The firm’s 50 day moving average is $157.02 and its 200-day moving average is $162.18. 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 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 business had revenue of $1.50 billion for 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 business posted $0.55 earnings per share. Equities research analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Tuesday, March 17th. Ares Management’s payout ratio is presently 265.09%.

Insider Buying and Selling at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ashish Bhutani purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 590,000 shares of company stock valued at $90,653,808. 36.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on ARES shares. The Goldman Sachs Group cut their price target on Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. UBS Group cut their target price on Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Morgan Stanley set a $178.00 price target on shares of Ares Management in a research report on Tuesday, January 27th. Oppenheimer dropped their price objective on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Barclays reduced their target price on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four 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 target price of $186.47.

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.