Ares Management Corporation $ARES Shares Sold by LRI Investments LLC

LRI Investments LLC decreased its position in shares of Ares Management Corporation (NYSE:ARES) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,391,373 shares of the asset manager’s stock after selling 194,880 shares during the quarter. Ares Management accounts for about 27.1% of LRI Investments LLC’s holdings, making the stock its biggest position. LRI Investments LLC’s holdings in Ares Management were worth $386,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ARES. Redmont Wealth Advisors LLC purchased a new position in Ares Management in the 3rd quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management during the fourth quarter worth $42,000. Washington Trust Advisors Inc. acquired a new stake in Ares Management in the third quarter valued at $50,000. First Horizon Corp acquired a new stake in Ares Management in the third quarter valued at $51,000. Finally, Covestor Ltd increased its position in shares of Ares Management by 182.6% in the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock valued at $67,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group set a $148.00 price target on Ares Management in a research note on Friday, February 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Monday, February 9th. Finally, The Goldman Sachs Group lowered their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.06.

Ares Management Stock Up 2.5%

Shares of NYSE:ARES opened at $126.23 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $41.59 billion, a P/E ratio of 58.71, a P/E/G ratio of 1.10 and a beta of 1.50. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. The stock’s fifty day simple moving average is $110.48 and its 200-day simple moving average is $139.03.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.02% and a net margin of 10.54%.The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business posted $1.09 EPS. As a group, equities research analysts forecast that Ares Management Corporation will post 6.05 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. Ares Management’s payout ratio is 251.16%.

Insider Buying and Selling at Ares Management

In other news, Director Judy D. Olian acquired 480 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was acquired at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 36.86% 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.