Asset Management One Co. Ltd. Buys 5,895 Shares of Ares Management Corporation $ARES

Asset Management One Co. Ltd. grew its stake in Ares Management Corporation (NYSE:ARES) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,574 shares of the asset manager’s stock after acquiring an additional 5,895 shares during the period. Asset Management One Co. Ltd.’s holdings in Ares Management were worth $15,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its stake in shares of Ares Management by 100.0% during the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after buying an additional 95 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Ares Management during the third quarter worth approximately $40,000. Washington Trust Advisors Inc. bought a new stake in shares of Ares Management during the third quarter worth approximately $50,000. First Horizon Corp bought a new stake in shares of Ares Management during the third quarter worth approximately $51,000. Finally, Covestor Ltd raised its stake in shares of Ares Management by 182.6% during the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock worth $67,000 after buying an additional 272 shares during the last quarter. 50.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARES shares. Wolfe Research set a $210.00 price target on shares of Ares Management and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Oppenheimer dropped their price target on shares of Ares Management from $215.00 to $147.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and dropped their price target for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of Ares Management from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $168.73.

Insider Buying and Selling

In other news, Director Ashish Bhutani acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the acquisition, the director owned 34,071 shares in the company, valued at $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Judy D. Olian acquired 480 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $124.43 per share, with a total value of $59,726.40. Following the acquisition, the director owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their position. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by insiders.

Ares Management Stock Up 0.8%

Shares of NYSE ARES opened at $118.73 on Tuesday. The stock has a market cap of $39.12 billion, a P/E ratio of 70.26, a P/E/G ratio of 1.04 and a beta of 1.52. The firm has a 50 day moving average price of $113.10 and a 200 day moving average price of $141.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same quarter in the prior year, the firm posted $0.55 EPS. Analysts expect that Ares Management Corporation will post 6.25 EPS for the current year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $1.35 per share. This is an increase from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, March 17th. Ares Management’s dividend payout ratio is presently 319.53%.

Ares Management 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.