Ares Management Corporation $ARES Shares Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ raised its position in Ares Management Corporation (NYSE:ARES) by 10.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,672 shares of the asset manager’s stock after purchasing an additional 6,326 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Ares Management were worth $10,660,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Ares Management by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,676,470 shares of the asset manager’s stock worth $3,465,851,000 after purchasing an additional 740,103 shares in the last quarter. Principal Financial Group Inc. lifted its position in Ares Management by 2.8% during the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock worth $565,180,000 after buying an additional 94,825 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ares Management by 7.6% during the second quarter. Geode Capital Management LLC now owns 3,454,083 shares of the asset manager’s stock worth $596,280,000 after buying an additional 244,286 shares during the last quarter. LRI Investments LLC grew its holdings in Ares Management by 10.2% in the 3rd quarter. LRI Investments LLC now owns 2,586,253 shares of the asset manager’s stock valued at $413,516,000 after buying an additional 238,531 shares in the last quarter. Finally, Norges Bank purchased a new stake in Ares Management in the 2nd quarter valued at $328,910,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Stock Down 7.1%

Shares of NYSE:ARES opened at $114.47 on Tuesday. The firm has a market capitalization of $37.42 billion, a PE ratio of 67.73, a price-to-earnings-growth ratio of 0.75 and a beta of 1.52. Ares Management Corporation has a 1 year low of $110.63 and a 1 year high of $195.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The firm’s 50-day moving average is $154.84 and its two-hundred day moving average is $160.83.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.26%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. Analysts predict that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.35 dividend. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.7%. Ares Management’s payout ratio is 319.53%.

Analyst Ratings Changes

ARES has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and lowered their price target for the company from $182.00 to $155.00 in a research report on Friday, February 6th. Barclays decreased their target price on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Oppenheimer cut their price target on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, February 6th. UBS Group set a $148.00 price objective on Ares Management in a report on Friday. Finally, Morgan Stanley set a $178.00 target price on Ares Management in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $183.13.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 56,257 shares of Ares Management stock in a transaction on 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 SEC, which can be accessed through this hyperlink. Also, Director Ashish Bhutani bought 10,000 shares of Ares Management stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. The trade was a 41.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 290,997 shares of company stock worth $45,274,395 over the last quarter. 36.86% of the stock is owned by company 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.