Vaughan Nelson Investment Management L.P. Increases Stake in Ares Management Corporation $ARES

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Ares Management Corporation (NYSE:ARES) by 22.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 115,262 shares of the asset manager’s stock after purchasing an additional 20,920 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Ares Management were worth $18,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ARES. Asset Management One Co. Ltd. boosted its holdings in Ares Management by 5.7% in the third quarter. Asset Management One Co. Ltd. now owns 85,679 shares of the asset manager’s stock valued at $13,699,000 after purchasing an additional 4,647 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Ares Management by 2.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,417 shares of the asset manager’s stock valued at $546,000 after purchasing an additional 91 shares during the period. Global Retirement Partners LLC increased its stake in Ares Management by 128.1% during the 3rd quarter. Global Retirement Partners LLC now owns 1,227 shares of the asset manager’s stock worth $196,000 after buying an additional 689 shares in the last quarter. Signaturefd LLC raised its stake in Ares Management by 2.6% in the 3rd quarter. Signaturefd LLC now owns 3,029 shares of the asset manager’s stock valued at $484,000 after purchasing an additional 77 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its position in shares of Ares Management by 5.7% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 5,764 shares of the asset manager’s stock valued at $922,000 after buying an additional 310 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets began coverage on Ares Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $156.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Cowen restated a “buy” rating on shares of Ares Management in a report on Tuesday, November 4th. Citigroup restated a “market outperform” rating on shares of Ares Management in a report on Tuesday, October 21st. Finally, TD Cowen boosted their target price on Ares Management from $175.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and a consensus price target of $191.86.

Ares Management Trading Down 2.9%

Shares of ARES stock opened at $170.88 on Thursday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $55.85 billion, a P/E ratio of 73.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.53. The business’s 50 day moving average is $160.45 and its two-hundred day moving average is $168.29. Ares Management Corporation has a twelve month low of $110.63 and a twelve month high of $200.49.

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

Ares Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a $0.8438 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $3.38 annualized dividend and a yield of 2.0%. Ares Management’s dividend payout ratio is presently 192.27%.

Insider Activity at Ares Management

In related news, CEO Michael J. Arougheti sold 56,257 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 590,000 shares of company stock valued at $90,653,808 in the last ninety days. 36.86% of the stock is owned by company insiders.

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.