Concurrent Investment Advisors LLC Raises Stock Position in Ares Management Corporation $ARES

Concurrent Investment Advisors LLC increased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 78.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,818 shares of the asset manager’s stock after purchasing an additional 6,537 shares during the period. Concurrent Investment Advisors LLC’s holdings in Ares Management were worth $2,395,000 as of its most recent SEC filing.

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

Ares Management Stock Up 0.7%

ARES stock opened at $112.98 on Wednesday. The stock has a market capitalization of $37.22 billion, a P/E ratio of 66.85, a P/E/G ratio of 0.99 and a beta of 1.52. The firm has a 50-day simple moving average of $110.89 and a 200-day simple moving average of $139.94. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same period in the prior year, the firm earned $0.55 EPS. Equities analysts forecast that Ares Management Corporation will post 6.22 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $5.40 annualized dividend and a yield of 4.8%. This is a boost from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is currently 319.53%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citizens Jmp lowered their target price on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley lowered their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. UBS Group set a $148.00 target price on shares of Ares Management in a research note on Friday, February 20th. Oppenheimer lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.31.

Insider Activity

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