Paragon Advisors LLC Sells 4,139 Shares of Ares Management Corporation $ARES

Paragon Advisors LLC trimmed its stake in shares of Ares Management Corporation (NYSE:ARES) by 23.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,821 shares of the asset manager’s stock after selling 4,139 shares during the period. Paragon Advisors LLC’s holdings in Ares Management were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Ares Management by 116.7% in the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after purchasing an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $197,000 after purchasing an additional 70 shares during the last quarter. Empowered Funds LLC raised its stake in Ares Management by 42.7% during the first 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 lifted its position in Ares Management by 15.3% during the first 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 during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after buying an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

Ares Management stock opened at $149.91 on Thursday. The company has a 50 day moving average price of $164.82 and a 200-day moving average price of $167.25. The company has a market capitalization of $49.00 billion, a PE ratio of 64.34, a P/E/G ratio of 0.86 and a beta of 1.53. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $200.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.During the same quarter in the prior year, the company earned $0.55 EPS. As a group, equities analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a $0.8438 dividend. This represents a $3.38 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, December 17th. Ares Management’s payout ratio is 192.27%.

Insider Buying and Selling

In other news, CEO Michael J. Arougheti sold 186,197 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $152.75, for a total value of $28,441,591.75. Following the sale, the chief executive officer directly owned 290,997 shares in the company, valued at approximately $44,449,791.75. This trade represents a 39.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 590,000 shares of company stock valued at $90,653,808 in the last ninety days. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARES. Oppenheimer reissued an “outperform” rating and set a $224.00 price objective on shares of Ares Management in a research note on Tuesday, January 20th. TD Cowen reissued a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Morgan Stanley set a $178.00 price target on Ares Management in a research report on Tuesday. UBS Group reduced their target price on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Finally, Barclays boosted their target price on Ares Management from $218.00 to $222.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $194.79.

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.