Ares Management Corporation $ARES Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its position in shares of Ares Management Corporation (NYSE:ARES) by 244.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,341 shares of the asset manager’s stock after buying an additional 5,211 shares during the period. Evergreen Capital Management LLC’s holdings in Ares Management were worth $1,187,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ARES. AQR Capital Management LLC increased its holdings in Ares Management by 116.7% in the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after purchasing an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ares Management by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 70 shares in the last quarter. Empowered Funds LLC increased its holdings in Ares Management by 42.7% in the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after purchasing an additional 1,853 shares in the last quarter. Focus Partners Wealth increased its holdings in Ares Management by 15.3% in the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after purchasing an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Ares Management by 708.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 432 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on ARES shares. Zacks Research downgraded Ares Management from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. BMO Capital Markets lowered their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Morgan Stanley lowered their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday. Barclays lowered their price target on Ares Management from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.73.

Insider Transactions at Ares Management

In other news, Director Ashish Bhutani acquired 10,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the transaction, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judy D. Olian acquired 480 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $124.43 per share, with a total value of $59,726.40. Following the completion of the transaction, the director owned 29,734 shares in the company, valued at $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 36.86% of the company’s stock.

Ares Management Stock Performance

NYSE:ARES opened at $114.78 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50-day moving average of $112.05 and a two-hundred day moving average of $140.74. The stock has a market cap of $37.82 billion, a P/E ratio of 67.92, a PEG ratio of 1.07 and a beta of 1.52. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last posted its quarterly earnings data 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 analysts’ expectations of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same period in the previous year, the company earned $0.55 earnings per share. On average, research analysts expect that Ares Management Corporation will post 6.22 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 17th. This is an increase from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is currently 319.53%.

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.