Ares Management Corporation $ARES Shares Sold by Osprey Private Wealth LLC

Osprey Private Wealth LLC trimmed its position in shares of Ares Management Corporation (NYSE:ARES) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,530 shares of the asset manager’s stock after selling 5,000 shares during the quarter. Ares Management makes up about 1.9% of Osprey Private Wealth LLC’s portfolio, making the stock its 24th biggest holding. Osprey Private Wealth LLC’s holdings in Ares Management were worth $6,495,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ares Management by 20.2% in the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Ares Management by 26.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after purchasing an additional 1,187,174 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ares Management by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after purchasing an additional 1,963,460 shares during the period. Capital International Investors lifted its holdings in Ares Management by 0.3% during the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock valued at $688,176,000 after purchasing an additional 14,516 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Ares Management by 8.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock valued at $620,616,000 after purchasing an additional 304,920 shares during the period. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Stock Up 0.3%

Shares of NYSE:ARES traded up $0.41 during trading on Friday, hitting $122.07. The company’s stock had a trading volume of 1,087,076 shares, compared to its average volume of 2,350,252. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business has a 50 day moving average price of $123.71 and a two-hundred day moving average price of $128.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $40.26 billion, a PE ratio of 56.78, a P/E/G ratio of 1.07 and a beta of 1.51.

Ares Management (NYSE:ARES) last released its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, research analysts expect that Ares Management Corporation will post 6.03 EPS for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ARES shares. The Goldman Sachs Group reduced their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. BMO Capital Markets decreased their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Finally, Citigroup reissued an “outperform” rating on shares of Ares Management in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.47.

Ares Management 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.